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1 reply

M
MAK70
April 13, 2022

Maybe- taxpayers born before 1946 may subtract all qualifying pension and retirement benefits received from public sources, and may subtract qualifying pension and retirement benefits up to $54,404 (Single, MFS), or $108,808 (MFJ). If public retirement benefits are greater than the maximum amounts, the taxpayer is not entitled to claim a subtraction for private pensions. The private pension limits are also reduced by military retirement, Michigan National Guard retirement, and railroad retirement benefits.

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