Michigan Schedule 1; Token Number 1218798

[kesuchyta]

I am doing my Michigan state taxes. In Michigan Schedule 1, both my CPA and I think line 26 should be calculating instead of line 27 (which is calculating). The instructions for line 26 indicate the line should completed if the older of you or your spouse (if married) was born during the period Jan 1, 1953 through Jan 1, 1957, and reached age 67 on or before Dec 31, 2023. Line 24 correctly shows my spouse as being born in 1954 and being 69 as of 12/31/2023. So, why is line 27 calculating and not line 26?

[DianeW777]

If we assume your spouse did not retire in 2013, and TurboTax is correct by not checking either box G or H on line 24. By completing Worksheet 2 in the instructions the amount on line 11, would be $14,007 which is significantly less than the pension allowed on line 27.  For this reason TurboTax used the most advantageous method and amount for your tax return.

• Worksheet 2- Schedule 1 Instructions

Per Schedule 1 instructions for line 26:

If the older of you or your spouse (if filing a joint return) was born during the period January 1, 1953 through January 1, 1957, and reached the age of 67 on or before December 31, 2023, you may be eligible to deduct the larger of either: your Michigan Standard Deduction against all income types, or your retirement and pension subtraction. You are considered 67 the day before your 67th birthday.   After completing the worksheet it is clear the best option was to complete line 27.  

Thank you for your token.