Michigan Subtractions
Michigan Subtractions
Subtractions
The following subtractions are claimed on your Schedule 1; total subtractions are carried forward to your MI-1040. The Schedule 1 line reference follows the subtraction listed below.
Income from U.S. government obligations (Series EE Bonds, Treasury notes, etc.)
Military, Michigan National Guard and taxable Tier 1 and Tier 2 railroad retirement benefits here and on Schedule W, Table 2.
Gains from federal column of Michigan MI-1040D and MI-4797
Income attributable to another state
Compensation received for active duty in U.S. Armed Forces and taxable Social Security
Renaissance zone deduction
Michigan state and city income tax refunds and homestead property tax credit refunds
Contributions made to accounts established through MESP
Contract price for a MET contract
Charitable contributions to MET programs
Gross income from Michigan oil and gas activity and nonferrous metallic minerals extraction
Exempted Resident tribal member income
Amount used to determine the credit for elderly or totally and permanently disabled from U.S. Form 1040 Schedule R
Holocaust victim payments
Michigan Standard Deduction
Qualifying retirement and pension benefits (24). See Pension Schedule (Form 4884)
Dividends, interest, and capital gains for senior citizens
Michigan NOL
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