Michigan Standard Deduction

A taxpayer born after 1946 who has reached the age of 67, is allowed a deduction against all income (including, but not limited to, retirement and pension income). This deduction is referred to as the Michigan Standard Deduction:

• $20,000 for a single or married filing separate return, or
• $40,000 for a married filing joint return
• These amounts may have additional limitations for retirement and pension beneficiaries using the Tier Structure Subtraction

Note: Per federal guidelines, you are considered to have reached the age of 67 the day before your 67th birthday.

2022 MI-1040 Individual Income Tax Forms and Instructions

Retirement and Pension Benefits