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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1 Best answer

Level 15

Jun 4, 2019 8:56:06 PM

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

Level 15

Jun 4, 2019 8:56:06 PM

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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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?