Michigan Exemption Declaration

State:
Michigan
Control #:
MI-FIS-1140B
Format:
PDF
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Description

Exemption Declaration
Michigan Exemption Declaration is a document that exempts a taxpayer from paying state income taxes on certain types of income that are exempt from taxation under Michigan law. This document can be claimed by Michigan residents, part-year residents, and nonresidents. The four types of Michigan Exemption Declaration are: 1. Nonresident Exemption Declaration: This is for taxpayers who are residents of another state and do not meet the definition of a part-year resident. 2. Part-Year Resident Exemption Declaration: This is for taxpayers who moved to or from Michigan during the tax year. 3. Resident Exemption Declaration: This is for taxpayers who are full-year Michigan residents. 4. Senior Citizen Exemption Declaration: This is for taxpayers who are 65 years of age or older, and who are Michigan residents.

Michigan Exemption Declaration is a document that exempts a taxpayer from paying state income taxes on certain types of income that are exempt from taxation under Michigan law. This document can be claimed by Michigan residents, part-year residents, and nonresidents. The four types of Michigan Exemption Declaration are: 1. Nonresident Exemption Declaration: This is for taxpayers who are residents of another state and do not meet the definition of a part-year resident. 2. Part-Year Resident Exemption Declaration: This is for taxpayers who moved to or from Michigan during the tax year. 3. Resident Exemption Declaration: This is for taxpayers who are full-year Michigan residents. 4. Senior Citizen Exemption Declaration: This is for taxpayers who are 65 years of age or older, and who are Michigan residents.

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FAQ

MICHIGAN WITHHOLDING EXEMPTION CERTIFICATE (Form MI-W4) Your employer is required to notify the Michigan Department of Treasury if you have claimed 10 or more personal or dependency exemptions or claimed that you are exempt from withholding.

Employees may claim exemption from withholding only if they do not anticipate a Michigan income tax liability for the current year because their employment is less than full-time and the personal and dependency exemptions exceed their annual compensation. Any changes made to an MI-W4 makes the form invalid.

For the 2022 income tax returns, the individual income tax rate for Michigan taxpayers is 4.25 percent, and the personal exemption is $5,000 for each taxpayer and dependent. An additional personal exemption is available if you are the parent of a stillborn child in 2022.

The personal exemption amount for 2023 is $5,400.

Michigan provides an exemption from sales or use tax on tangible personal property used in tilling, planting, caring for or harvesting things of the soil, in the breeding, raising or caring of livestock poultry or horticultural products for further growth.

Every employer must obtain a Withholding Exemption Certificate (Form MI-W4) from each employee. The federal W-4 cannot be used in place of the MI-W4. 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.

Seniors are entitled to a homestead property tax credit equal to up to 100% of the amount their property taxes exceed 3.5% of their income, up to $1,200.

More info

Note: As of January 31, 2020, Form 1023 applications for recognition of exemption must be submitted electronically online at Pay.gov. Organizations must electronically file this form to apply for recognition of exemption from federal income tax under section 501(c)(3).United States Tax Exemption Form. Complete all required entries on the form and give it to the seller. This exemption form applies to current or prior year's income that has been reported on the pass-through entity's California income tax return. Application for Recognition of Exemption Under Section 501(c)(3). Eligible organizations file this form to apply for recognition of exemption from federal income tax under Section 501(c)(3). Payee's certificate of previously reported income: Payee must complete and sign below. Our privacy notice can be found in annual tax booklets or online. First download the form and then follow the steps to fill out a health coverage exemption application.

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Michigan Exemption Declaration