Question

Michigan Tax Extension Form

Forum|Forum|3 years ago
April 4, 2023
1 reply
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I am in process of filing an extension for MI tax return using Form 4, Application for Extension of Time to File Michigan Tax Returns. When I do the "Computation and Payment of Tax Due", should I take "exemption allowance" into account when calculating "Tax before credits"?

Not A Product Question

E

ErnieS0

Yes. Exemptions are subtracted from your gross income to arrive at taxable income.

Michigan starts with federal adjusted gross income, then adds and subtracts state-specific additions and subtracts before deducting your exemption allowance to arrive at taxable income.

Your taxable income is used to compute your tax before credits.

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