Get Instructions For Completing The - State Of Michigan - Michigan

Applicant or spouse of applicant must reach age 65 by December 31 of the tax year.

If you're 65 or older, your additional standard deduction increases from $1,400 to $1,500 if you're married and from $1,750 to $1,850 if you're single or the head of household. Marginal tax rates are the same in 2023 as in 2022. The lowest rate is still 10 percent and the highest is still 37 percent.

If you are age 65 or older, your standard deduction increases by $1,700 if you file as single or head of household. If you are legally blind, your standard deduction increases by $1,700 as well. If you are married filing jointly and you OR your spouse is 65 or older, your standard deduction increases by $1,350.

2023 Standard Deduction Taxpayers who are at least 65 years old or blind can claim an additional standard deduction of $1,500 is allowed for 2023 ($1,850 if you're claiming the single or head of household filing status).

Standard deduction amount increased. The amounts are: Single or Married filing separately—$12,950. Married filing jointly or Qualifying surviving spouse—$25,900. Head of household—$19,400.

Identification information: your name, address, Social Security number, and your spouse's Social Security number if applicable. Your individual income tax information: estimate of total tax liability for the year, total payments you've already made, the balance due, and the amount you are paying.

You must file a Michigan Individual Income Tax Return if your Michigan income exceeds your prorated exemption allowance. Note: For the 2022 tax year, each Michigan personal and dependent exemption allowance is $5,000 plus $2,900 for each eligible special exemption. You had Michigan tax withheld from your wages.

Standard deduction 2023 The 2023 standard deduction for taxes filed in 2024 will increase to $13,850 for single filers and those married filing separately, $27,700 for joint filers, and $20,800 for heads of household.