Michigan - Is RMD from retirement accounts taxable for Michigan?

Hello, I'll be taking required minimum distributions (RMD) from my 401K and IRA accounts. Michigan changed the tax laws in tax year 2023 that retirement withdrawals from pensions and IRAs are exempted from state taxes with 25% for 2023, 50% for 2024, 75% for 2025, an 100% in 2026. Are RMD considered to be part of these withdrawals that therefore they are not taxed?

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Michigan - Is RMD from retirement accounts taxable for Michigan?

Yes.

RMDs are withdrawals from pensions and IRAs and benefit from the Subtraction of eligible retirement income from Michigan taxable income

Please read this Michigan Revenue document.

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Michigan - Is RMD from retirement accounts taxable for Michigan?

Yes.

RMDs are withdrawals from pensions and IRAs and benefit from the Subtraction of eligible retirement income from Michigan taxable income

Please read this Michigan Revenue document.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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