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Retirement tax questions
If you live in Michigan and received a 1099-R for a Law Enforcement Pension, on the page in your Federal return that asks, 'Was ... employed as a Public Safety Officer' choose Yes.
You will get a 3K Pension Exclusion on your Federal return.
For Michigan:
'Public Act 4 of 2023 — Retirement State Tax Changes
Public Act (PA) 4 of 2023 will take effect on Feb. 13, 2024. PA 4 of 2023 amends the Income Tax Act of 1967 to allow all retired members of the Michigan State Police Retirement System (SPRS) who receive a pension to be exempt from state income tax beginning with the 2023 tax year.
Retirees who want to use the limits of the new law should file their 2023 tax return after the law’s effective date. If filing prior to the law’s effective date, an amended return can be filed after PA 4 of 2023 takes effect.'
As of now, there is no expected date for this change to be implemented in TurboTax. You could file now and amend later. You have up to three years to Amend a Return.
Here's more info on ORS - Michigan State Police Retirement System.
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