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Category: Michigan
24 Articles
Orange arrow Michigan Homestead Credit Owners

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  Property Taxes Eligible for Credit Ad valorem property taxes that were levied on your homestead in 2018, including administrative collection fees up to 1 percent of the taxes, can be claimed no matter when you pay them. You may add to your 2018 taxes the amount of property taxes billed in 2018 fro...
Posted in: States, Michigan

Orange arrow Michigan Homestead Property Tax Credit Claim

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  Who May Claim a Property Tax Credit You may claim a property tax credit if all of the following apply: •Your homestead is located in Michigan •You were a Michigan resident at least six months of 2018 •You own your Michigan homestead and property taxes were levied in 2018, or you ...
Posted in: States, Michigan

Orange arrow Schedule of Apportionment

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  Michigan Form MI-1040H, Schedule of Apportionment ,Business income from business activity that is taxable both within and outside Michigan is apportioned to Michigan by multiplying the income by a fraction determined as follows: Property Factor + Payroll Factor + Sales Factor divided by 3 Use the ...
Posted in: States, Michigan

Orange arrow Michigan Homestead Credit - Renters

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  Rent Eligible for Credit You must be under a lease or rental contract to claim rent for credit. In most cases, 23 percent of rent paid is considered property tax that can be claimed for credit. The following are exceptions: If you rent or lease housing subject to a service charge or fees paid i...
Posted in: States, Michigan

Orange arrow Michigan Farmland Preservation Credit

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  What is the Farmland Preservation Credit? The Farmland Preservation Credit gives back to farmland owners a share of the property tax they pay on their farmland. Farmland owners qualify for credit by agreeing to keep the land as farmland and not develop it for another use. Farmland Preservation Cr...
Posted in: States, Michigan

Orange arrow Michigan Historic Preservation Tax Credit

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  What Is the Historic Preservation Tax Credit? NOTE: Historic rehabilitation plans will no longer be certified after December 31, 2011. This credit provides tax incentives for homeowners, commercial property owners and businesses to rehabilitate historic resources located in the State of Michigan...
Posted in: States, Michigan

Orange arrow How can I claim my Michigan Historic Preservation Tax Credit?

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  Taxpayers eligible for this credit will have received a certificate from the State Historic Preservation Office indicating their eligibility. To claim your credit, you must attach the forms listed below to your MI-1040, MI-1041 or C-8000. Michigan Historic Preservation Tax Credit (Form 3581) ...
Posted in: States, Michigan

Orange arrow Michigan Education Savings Program

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  Michigan Education Savings Program You may deduct, to the extent not deducted in calculating AGI, the total of all contributions less qualified withdrawals (compute the contributions and withdrawals separately for each account) made during the tax year by the taxpayer in the tax year to accounts ...
Posted in: States, Michigan

Orange arrow Michigan Use Tax

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  If you have paid the tax for your out-of-state purchases, answer yes to the question when asked in the interview. If you are unsure, read the following. Every state that has a sales tax has a companion tax for purchases made outside that state, by catalog or over the Internet. In Michigan, that co...
Posted in: States, Michigan

Orange arrow How can I determine if I am a resident of Michigan?

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  Resident: You are a Michigan resident if Michigan is your permanent home. Your permanent home is the place you intend to return to whenever you go away. A temporary absence from Michigan, such as spending the winter in a southern state, does not make you a part-year resident. Income earned by a Mi...
Posted in: States, Michigan

Orange arrow Who is required to file a Michigan state tax return?

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  You must file a return if you owe tax, are due a refund, or your AGI exceeds your exemption allowance. You should also file a Michigan return if you file a federal return, even if you do not owe Michigan tax. This will eliminate unnecessary correspondence from Treasury. Important: If your income ...
Posted in: States, Michigan

Orange arrow How can I pay the taxes I owe the state of Michigan?

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  If you owe tax: Payments can be made using Michigan’s e-Payments service by direct debit (e-Check) from your checking or saving account, or by using a credit or debit card. Visit www.michigan.gov/iit to make your payment electronically. Payments can also be mailed. Make your check payable t...
Posted in: States, Michigan

Orange arrow Michigan Payment Options

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  If you owe tax: Payments can be made using Michigan’s e-Payments service by direct debit (e-Check) from your checking or saving account, or by using a credit or debit card. Visit www.michigan.gov/iit to make your payment electronically. Payments can also be mailed. Make your check payabl...
Posted in: States, Michigan

Orange arrow Michigan Modifications to Federal Return

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  NOTE: Only use this form to adjust your Michigan taxable income if you have capital gains or losses attributable to one of the following: -Gains or losses from the sale of certain types of properties located in other states and/or subject to the allocation and apportionment provisions; or -Perio...
Posted in: States, Michigan

Orange arrow Michigan Additions

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  Additions The following additions are claimed on your Schedule 1; total additions are carried forward to your MI-1040. The Schedule 1 line reference follows the addition listed below. Gross interest, dividends, and income from obligations or securities of states and their political subdivisions o...
Posted in: States, Michigan


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