Michigan- subtractions from income

Under Michigan taxes, last year I calculated the % of US Govt Obligations on my total ordinary dividends. This year, after importing my 1099-DIV, which included ordinary dividends, I didn't get asked to make this subtraction from my income. Did that rule change?

Expert Alumni

Mar 9, 2021 6:57:55 PM

Yes, there is still a subtraction from Michigan income for U.S. Government bonds and other U.S. Obligations included in MI-1040 line 10.

This subtraction carries to the MI Schedule 1 line 10.

Please go back and review both the federal dividends and interest income section and then the MI subtractions section of the TurboTax software.

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Michigan- subtractions from income