Preliminary information for the Wholesale Marihuana Tax is now available.
Covid-19 Frequently Asked Questions
2020 Unemployment Exclusion
- Do I include the full amount of unemployment income received in Total Household Resources (THR)?
- How should a non-resident of Michigan allocate the federal 2020 Unemployment Compensation Exclusion on their Schedule NR?
- How should a part-year resident of Michigan allocate the federal 2020 Unemployment Compensation Exclusion on their Schedule NR?
- If I am not eligible for the federal exclusion of unemployment income because my modified Adjusted Gross Income (AGI) exceeds the federal threshold. Can I still exclude that unemployment income from the Michigan Individual Income Tax Return, MI-1040?
- I filed my Michigan Individual Income Tax Return MI-1040 without claiming the federal unemployment exclusion. If I qualify for a refund on my amended MI-1040, will I receive interest?
- Is the State of Michigan following the federal exclusion of unemployment income up to 10,200 per qualified individual (based on income limits), or is the excluded amount added back to Michigan taxable income?
- The federal income tax return reports the $10,200 per qualified individual (based on income limits) unemployment income exclusion as a subtraction. Is a similar subtraction allowed on the Michigan Individual Income Tax Return, MI-1040?
- What should I do if I filed my 2020 Michigan Individual Income Tax Return (MI-1040) without claiming the federal unemployment exclusion but I have not yet paid the tax due?
- Amending Your MI-1040 Due to the 2020 Federal Unemployment Exclusion
Cares Act
- Are forgiven Paycheck Protection Program loans (cancellation of debt) included in Total Household Resources?
- Are the Paycheck Protection Program loans that are forgiven subject to tax in Michigan?
- Are unemployment benefits (including the extra weekly $600 received through the Coronavirus Aid, Relief, and Economic Security (CARES) Act) subject to tax in Michigan?
- How does a charitable contribution deduction claimed in 2020 or in 2021 affect Michigan taxable income?
- How does a charitable contribution deduction claimed in 2020 or in 2021 affect for total household resources?
- How will the economic impact payments (CARES Act and COVID Tax Relief Act stimulus payments) affect a Michigan Individual Income Tax Return (MI-1040)?
- How will the economic impact payments (CARES Act and COVID Tax Relief Act stimulus payments) affect a claimant's Total Household Resources when claiming a Homestead Property Tax credit or Home Heating credit?
- If I take a coronavirus related retirement distribution in 2020 and report one-third of the distribution each year for 2020, 2021 and 2022, how much of the distribution is in Total Household Resources (THR) each year?