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rippergene
New Member

Mich state tax : why is my retirement income & pension summary total $124,293 and the retirement income and pension deduction only $103,140, $21,153 less?

 
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SweetieJean
Level 15

Mich state tax : why is my retirement income & pension summary total $124,293 and the retirement income and pension deduction only $103,140, $21,153 less?

Taxpayers born before 1946 may subtract private pensions up to $51,570 for single or married filing separately filers, and $103,140 for joint filers.

https://www.michigan.gov/taxes/0,4676,7-238--454549--,00.html

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SweetieJean
Level 15

Mich state tax : why is my retirement income & pension summary total $124,293 and the retirement income and pension deduction only $103,140, $21,153 less?

Taxpayers born before 1946 may subtract private pensions up to $51,570 for single or married filing separately filers, and $103,140 for joint filers.

https://www.michigan.gov/taxes/0,4676,7-238--454549--,00.html

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