2015 ProSeries/Michigan Readme
Release 2015.42
Contents
Items addressed in this release
Items addressed in previous releases
What's new for ProSeries/Michigan
Forms
Electronic filing
Additional Information
Items addressed in this release
The following has been updated and finalized since the previous
release:
- Form 4884 will no longer include nonresident spouse's pensions when filing with a Michigan resident spouse.
- Form CF-1040PV will now show the correct mailing address for Grand Rapids, Flint, and Lansing.
Items addressed in previous releases
The following forms and worksheets have been addressed in previous releases:
- Other State Tax Credit Worksheet will now transfer the other state's taxable income instead of the other state's adjusted gross income amount.
- Form 5119 percentage fields in Part 5, column C will now round to 3 digits following the decimal point to be consistent with electronic filing requirements
- Form 5121 Part 3, column D - added an error check to prevent entering more vacation days than total days worked
- Information Worksheet School district list - added Willow Run
- Form MI-1040CR Line 48 will no longer be truncated on the printed copy of the return
- Form 5118 will now print with the return when selected on the Information Worksheet even if line 13 is zero
- Information Worksheet will no longer require entering the Detroit prior year AGI unless filing a Detroit return electronically
- Form CF-1040 New locality field added to city W-2 Worksheet with a dropdown list of the city names to choose which city withholding applies to
- Form 5120 Part year residents of Detroit with no income earned during the nonresident period - the exemption allowance will now be calculated on line 30, column B as required.
- Form 4884 When married filing jointly and one spouse was born prior to 1953 and the other spouse was born after January 1, 1953 but before January 1, 1954 and is SSA Exempt, Part C of Form 4884 will now be calculated rather than Part D.
- Form 4884 When married filing jointly and one spouse is a Michigan full-year resident and the other is a Michigan part-year resident, the correct pension amount will now flow from the Michigan Pension Worksheet to Form 4884.
- Schedule TCX Common City - Amended Part-Year Resident Income Tax Return
- Form CF-1040 Updated withholding on line 24a to include tax payments entered on Form W-2, box 19 where one of the new authorized locality name abbreviations is entered in box 20 (see cross reference for city names in Part II of the Michigan Information Worksheet for a list of these codes)
- Form 4 Application for Extension of Time to File Tax Returns
- Form CF-4868 Common City - Application for Extension to File
- Form CF-4868-EFT Common City - Application for Extension to File with EFT Payment
- Form MI-1040CR-7 Home Heating Credit
- Form 3174 Direct Deposit of Refund for Form MI-1040CR-7
- Form 4013 Resident Tribal Member Annual Sales Tax Credit
- Form 4884 Pension Schedule
- Form 4973 Pension Continuation Schedule
- Form 4976 Home Heating Credit Supplemental
- Form 5049 Married, Filing Separately Worksheet
- Form MI-1040 Individual Income Tax Return
- Form MI-1040CR Homestead Property Tax Credit
- Form MI-1040CR-2 Veteran/Blind Property Tax Credit
- Form MI-1040CR-5 Farmland Preservation Tax Credit
- Form MI-1040D Adjustments of Capital Gains and Losses
- Form MI-1040ES Estimated Individual Income Tax Voucher
- Form MI-1040H Schedule of Apportionment
- Form MI-1040-V Electronic Filing Payment Voucher
- Form MI-1040X-12 Amended Income Tax Return
- Form MI-1310 Claim for Refund Due Deceased Taxpayer
- Form MI-2210 Underpayment of Estimated Income Tax
- Form MI-4642 Voluntary Contributions Schedule
- Form MI-4797 Adjustments of Gains and Losses from Sales of Business Property
- Form MI-8453 Individual Income Tax Declaration for Electronic Filing
- Form MI-8949 Sales and Other Dispositions of Capital Assets
- Schedule 1 Additions and Subtractions
- Schedule CR-5 Schedule of Taxes and Allocation To Each Agreement
- Schedule NR Nonresident and Part-Year Resident Schedule
- Schedule NR Renaissance Zone Part-Year Resident Schedule
- Schedule W Withholding Tax Schedule
- Form 5118 Detroit Individual Income Tax Return - Resident
- Form 5119 Detroit Individual Income Tax Return - Part-Year Resident
- Form 5120 Detroit Individual Income Tax Return - Nonresident
- Form 5121 Detroit Withholding Tax Schedule
- Form 5122 Detroit Electronic Filing Payment Voucher
- Form CF-1040 Common City Individual Return
- Form CF-1040X Common City Amended Individual Return
- Form CF-4220 Common City Individual Income Tax Barcode Datasheet
- Schedule TC Common City Part-Year Resident Individual Return
- Form CF-1040 Common City - Schedule of Wages
- Form CF-1040 Common City - Interest Income Exclusion
- Form CF-1040 Common City - Dividend Income Exclusion
- Form CF-1040 Common City - Business Income Exclusion
- Form CF-1040 Common City - Capital Gains Exclusion
- Form CF-1040 Common City - Other Gains Exclusion
- Form CF-1040 Common City - IRA Distribution Exclusion
- Form CF-1040 Common City - Pension Income Exclusion
- Form CF-1040 Common City - Rental Income Exclusion
- Form CF-1040 Common City - Tax Payments and Credit for Taxes Paid to Other Cities
- Form CF-1040 Common City - S Corp Adjustments
- Form CF-1040 Common City - Farm Income Exclusion
- Form CF-1040 Common City - Other Income Exclusion
- Form CF-1040 Common City - IRA Contribution Deduction
- Form CF-1040 Common City - SEP Deduction
- Form CF-2106 Common City - Employee Business Expense Deduction
- Form CF-1040 Common City - Moving Expense Deduction
- Form CF-1040 Common City - Alimony Paid Deduction
- Form CF-1040PV Common City - Payment Voucher
- Form CF-1040ES Common City - Estimated Tax Voucher
- Form CF-1040PV-EFT Common City - Payment Voucher with EFT Payment
- Form CF-1040ES-EFT Common City - Estimated Tax Voucher with EFT Payment
What's new for ProSeries/Michigan
The following items are new for tax year 2015:
- City of Detroit taxes
Beginning January 2016, the Michigan Department of Treasury will begin processing City of Detroit Individual Income Tax Returns. Your
City of Detroit return may be filed with your Michigan return. For more information and instructions please visit www.michigan.gov/citytax.
- Michigan Standard Deduction
If the older of you or your spouse (if married filing jointly) was born during the period January 1, 1946 through January 1, 1949, and reached the
age of 67 on or before December 31, 2015, you may deduct $20,000 for single or married filing separately filers or $40,000 for joint filers against all income, rather than
solely against pension and retirement income. Taxpayers that qualify for the Michigan Standard Deduction are not eligible to deduct pension and retirement income on the
Michigan Pension Schedule (Form 4884).
- Expanded Subtraction for Retirement Benefits
If the older of you or your spouse (if married filing jointly) was born on or after January 1, 1953 but before January 2, 1954,
have reached age 62 and receive Social Security exempt retirement benefits due to employment with a governmental
agency, you may be eligible for a pension and retirement deduction. For more information see Michigan Pension Schedule (Form 4884).
- Tax Rate, Exemption Allowances, and Deductions for Retirees and Seniors
The income tax rate for 2015 is 4.25 percent. For tax year 2015, the personal exemption allowance is $4,000 and the additional
exemption for disabled veterans is $400. The special exemption allowance for deaf, blind, hemiplegic, paraplegic, quadriplegic,
or totally and permanently disabled is $2,600.
Retirement/pension benefits included in AGI from a pension or an Individual Retirement Account (IRA) may be deductible.
Senior citizens age 70 and older may be able to deduct part of their interest, dividends, and capital gains that are included in AGI.
For 2015, the deduction is limited to a maximum of $11,104 for single filers and $22,207 for joint filers.
- Filing Extension Granted for Military Personnel Serving in a Combat Zone.
United States military personnel serving in a combat zone on April 18, 2016 will be given 180 days after leaving the
combat zone to file their federal and State tax returns and will be exempt from penalties and interest. When e-filing,
service men and women serving in combat zones should enter the words “Combat Zone” in the preparer notes.
Forms
The Michigan Department of Treasury has approved for filing all forms and
schedules included in ProSeries/Michigan.
Electronic filing
Important: Electronic filing is available in this release
of ProSeries/Michigan.
For a list of forms that can be e-filed, go to What's New This Year in Help Center.
Additional Information
Check all returns after printing
The Michigan City Departments of Treasury scan computer-generated forms to
quickly process the income tax returns it receives. To meet the requirements for
producing computer-generated forms, ProSeries is required to limit the width of
the tax information printed on forms that are scanned. In certain cases, data
you entered may be truncated. After completing a tax return, review the
information that prints (for example, mailing address information), make any
necessary changes, and reprint the return before mailing it.
About bar codes on printed city returns
Some Michigan cities use bar codes on computer-printed tax forms. This
special formatting allows the city taxing authorities to process returns more
quickly and efficiently. On-screen, you'll see only a representation of
the bar code on the lower part of the form. This image is static and does
not change based on the information in the return. However, when you print the
return, the bar code appears as a large rectangular box on the first page of the
form. The width of the bar code is constant; the height varies according to the
data in the return. In general, the more complex the return, the larger the
printed bar code.
Returns that contain special formatting may be processed at a different
location than manually prepared returns. Therefore, the filing instructions that
print with the city return may contain a mailing address that's different from
the mailing address in the package that is sent to taxpayers. Be sure to have
your clients mail their returns to the address in the filing instructions that
print with the return.
Important: Because the bar code image is a function of the data in the
tax return, it's important that you reprint the page with the bar code if
changes are made to any part of the return. Also, do not print blank copies of
the main form and prepare them manually. The Michigan city taxing authority may
attempt to scan the form and reject it.
Use a recommended printer
We recommend you use a Hewlett-Packard LaserJet Series 4 or later (or 100%
compatible printer). The minimum requirement is a Hewlett-Packard LaserJet or
PCL compatible printer with 2MB of printer memory.
If you do not use a recommended printer, sometimes the two-dimensional bar
codes on some state returns do not print properly. The states still accept the
returns, but they might take longer to process.
End of ReadMe file for ProSeries/Michigan