Get Form 3372

To claim exemption for purchases, the buyer must present the seller with a completed Form 3372, Michigan Sales and Use Tax Certificate of Exemption. The seller will retain the certificate in their records.

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.

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.

Standard deduction increase: The standard deduction for 2023 (which'll be useful when you file in 2024) increases to $13,850 for single filers and $27,700 for married couples filing jointly. Tax brackets increase: The income tax brackets will also increase in 2023.

A property tax exemption for real property owned and used as a homestead by a disabled veteran or the disabled veteran's un-remarried, surviving spouse.

Standard deduction 2023 Filing status2023 standard deductionSingle$13,850.Married, filing separately$13,850.Married, filing jointly; qualified widow/er$27,700.Head of household$20,800.1 more row • Mar 6, 2023

Michigan's 2023 withholding guide was released by the state treasury department. The state uses a flat 4.25% tax rate. The value of a state allowance increased to $5,400, up from $5,000 in 2022, the guide said. The state's taxable limits on pension and retirement benefit payments are also adjusted each year.

Use Tax - applies if you buy tangible personal property and services outside the state and use it within New York State. Clothing and footwear under $110 are exempt from New York City and NY State Sales Tax. Purchases above $110 are subject to a 4.5% NYC Sales Tax and a 4% NY State Sales Tax.