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  • Schedule D - State Of Michigan - Michigan

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Laws of Country of Domicile Licensed as business type: 95844 NAIC Company Code Michigan Hospital, Medical & Dental Service or Indemnity Health Maintenance Organization X Is HMO, Federally Qualified? Yes X No 02/08/1979 Detroit, MI 48202 (Street and Number) Main Administrative Office Mail Address Michigan , State of Domicile or Port of Entry United States Life, Accident & Health Property/Casualty Dental Service Corporation Vision Service Corporation Other.

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The exemption amount is $5,400 per year times the number of personal and dependency exemptions allowed under Part 1 of the Michigan Income Tax Act. An employee may not claim more exemptions on the MI-W4 than can be claimed on the employee's Michigan income tax return.

Michigan's Working Families Tax Credit is worth up to $2,080 for the 2022 tax year. Eligible taxpayers received up to 6% of the credit as part of last year's state tax refund. The credit expansion allows for 30% of that amount to be refundable, which means the February checks will refund the remaining 24%.

Michigan has a flat 4.25 percent individual income tax rate. There are also jurisdictions that collect local income taxes. Michigan has a 6.00 percent corporate income tax rate. Michigan has a 6.00 percent state sales tax rate and does not levy any local sales taxes.

Instead, taxpayers may be eligible for a Tier 3 Michigan Standard Deduction. This deduction is up to $20,000 for a return filed as single or married filing separately, or up to $40,000 for a married filing jointly return.

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.

Thus, the tax rate applicable to all individuals and fiduciaries for the 2023 tax year is 4.05%. This revised rate is an annual tax rate that is effective as of January 1, 2023.

The personal exemption amount for 2023 is $5,400. What is Michigan's 2023 personal exemption amount? Get personalized voter information on early voting and other topics.

In addition, current year commonly used forms will continue to be available at Michigan Department of Treasury offices, most public libraries, Northern Michigan post offices, and Michigan Department of Health and Human Services (MDHHS) county offices.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232