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Category: Michigan
20 Articles
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 Deductions

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  For complete instructions, see Michigan Schedule 1 Instructions. Enter compensation received for active duty in the U.S. Armed Forces included in AGI. Do not include military retirement here. Note: Compensation from the U.S. Public Health Service is not considered military pay. You may subtrac...
Posted in: STATES, Michigan

Orange arrow Michigan Home Heating Credit

1239 views
  Who May Claim a Credit This credit helps low income families pay their home heating costs. To see if you may claim a credit, answer the following questions: Are you a full-time student who is claimed as a dependent on another person's income tax return? Did you live in a licensed care facility ...
Posted in: STATES, Michigan

Orange arrow Michigan Homeless Shelter/Food Bank Credit

835 views
  A partial income tax credit is allowed when a donation is made by cash or check to a qualifying shelter for homeless persons, a food bank, a food kitchen, or other entity whose primary purpose is to provide overnight accommodation, food, or meals to indigent persons. Donations to organizations such...
Posted in: STATES, Michigan

Orange arrow Michigan Public Contribution Credit

941 views
  A partial income tax credit can be claimed for donations to a qualifying Michigan public institution. The credit is based on cash or the value of the item(s) donated. Values claimed must be supported by written appraisals, trade journals, etc., or by an itemized receipt. Gifts qualify for credit i...
Posted in: STATES, Michigan

Orange arrow Michigan Homestead Credit - Renters

1056 views
  Rent That Can Be Claimed for Credit You must be under a lease or rental contract to claim rent for credit. If you rent or lease housing that is subject to a service charge or fees paid instead of property taxes, you may claim a credit based upon 10 percent of the gross rent paid. Use the amount...
Posted in: STATES, Michigan

Orange arrow Michigan Use Tax

836 views
  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 Michigan Payment Options

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  You can file your return electronically any time during the filing season. Payment must be made by April 15th to avoid interest and penalty charges. You can pay your balance due to the Department of Treasury by check using the payment voucher. The State of Michigan does not accept credit cards for ...
Posted in: STATES, Michigan

Orange arrow Michigan Additions

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  MI ADDITIONS: Gross interest, dividends, and income from obligations or securities of states and their political subdivisions other than Michigan. The deduction taken for self-employment tax on your federal return and for other taxes on or measured by income, such as your share of city income tax...
Posted in: STATES, Michigan

Orange arrow Michigan Homestead Property Tax Credit Claim

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  Michigan's homestead property tax credit is how the State of Michigan can help you pay some of your property taxes if you are a qualified Michigan homeowner or renter and meet the requirements. You should complete the Homestead Property Tax Credit Claim form (MI-1040CR) to see if you qualify for th...
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 and rollovers (compute the contributions, withdrawals and rollovers separately for each account) made during 2014 by the taxpayer in the tax ...
Posted in: STATES, Michigan

Orange arrow Michigan Farmland Preservation Credit

420 views
  What is the Farmland Preservation Credit? The Farmland Preservation Tax Credit gives a share of the property tax paid on farmland back to farmland owners. Farmland owners qualify for credit by agreeing to keep the land as farmland and not develop it for another use. NOTE: This form must be filed ...
Posted in: STATES, Michigan

Orange arrow Michigan Modifications to Federal Return

560 views
  General Information Michigan Form MI-1040D follows the U.S. Schedule D and all the information necessary for completing it should be taken from your U.S. Schedule D. Form MI-1040D computations must be carried to Schedule 1. Both forms (MI-1040D and Schedule 1) must be attached to your Form MI-10...
Posted in: STATES, Michigan

Orange arrow Michigan Historic Preservation Tax Credit

564 views
  Purpose To allow the eligible taxpayer to claim the Michigan Historic Preservation Tax Credit. The credit is reported here and then carried to the appropriate form, according to the type of taxpayer. Individual and Fiduciary filers carry the figures to the Michigan Individual Income Tax Return (Fo...
Posted in: STATES, Michigan

Orange arrow Michigan Resident Tribal Member/Tribal Entity Sales Tax and Use Tax Refund Request

941 views
  Tax Agreement Tribes: A “Resident Tribal Member” (Member must be on the list submitted by their Tribe to the State of Michigan.) of a federally recognized Indian tribe that has an active tax agreement with the State of Michigan may subtract certain income that is included in his or her ...
Posted in: STATES, Michigan


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