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Why did we get a $40,000.00 standard deduction on our Michigan return?
we did our state taxes for Michigan and are getting back all the taxes taken out of our checks and do not know why?
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June 1, 2019
2:07 PM
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Get your taxes done using TurboTax
Beginning in 2013 a standard deduction is available on Schedule 1, Additions and Subtractions, for taxpayers born between 1946 and 1951. The taxpayer gets a $20,000 ($40,000 if MFJ) deduction that can be applied against any type of income. The taxpayer does not need to have pension income to qualify for this deduction; the taxpayer (or spouse if filing jointly) only needs to have been born in 1946.
June 5, 2019
11:29 PM