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Retirement tax questions
In tax year 2023, Michigan began a four-year phase-out of its retirement income tax. By the 2026 tax year, pensions and income from 401(k) and IRA withdrawals will be fully exempt from state income tax. In the meantime, you may qualify for tax relief depending on your age or occupation.
For more information, check:
2024 MICHIGAN Pension Schedule (Form 4884)
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March 18, 2025
9:49 AM