2016 ProSeries/Michigan Readme
Release 2016.380
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 forms have been added and finalized since the previous release:
- Form 5123 City Estimated Income Tax for Individuals
- Form 5209 Application for Extension of Time to File City Tax Returns
Items addressed in previous releases
The following forms and worksheets have been addressed in previous releases:
- Form 3174 Direct Deposit of Refund for Form MI-1040CR-7
- Form 4 Application for Extension of Time to File Tax Returns
- Form 4013 Resident Tribal Member Annual Sales Tax Credit
- Form 4976 Home Heating Credit Supplemental
- Form MI-1040CR-7 Home Heating Credit
- Form MI-4642 Voluntary Contributions Schedule
- Form MI-5472 Direct Debit of Individual Income Tax Payment
- Form 4884 Pension Schedule
- Form 4973 Pension Continuation Schedule
- Form 5049 Married, Filing Separately Worksheet
- 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 - Alimony Paid Deduction
- Form CF-1040 Common City - Business Income Exclusion
- Form CF-1040 Common City - Capital Gains Exclusion
- Form CF-1040 Common City - Dividend Income Exclusion
- Form CF-1040 Common City - Farm Income Exclusion
- Form CF-1040 Common City - Interest Income Exclusion
- Form CF-1040 Common City - IRA Contribution Deduction
- Form CF-1040 Common City - IRA Distribution Exclusion
- Form CF-1040 Common City - Moving Expense Deduction
- Form CF-1040 Common City - Other Gains Exclusion
- Form CF-1040 Common City - Other Income Exclusion
- Form CF-1040 Common City - Pension Income Exclusion
- Form CF-1040 Common City - Rental Income Exclusion
- Form CF-1040 Common City - S Corp Adjustments
- Form CF-1040 Common City - Schedule of Wages
- Form CF-1040 Common City - SEP Deduction
- Form CF-1040 Common City - Tax Payments and Credit for Taxes Paid to Other Cities
- Form CF-1040 Common City Individual Return
- Form CF-1040ES Common City - Estimated Tax Voucher
- Form CF-1040ES-EFT Common City - Estimated Tax Voucher with EFT Payment
- Form CF-1040PV Common City - Payment Voucher
- Form CF-1040PV-EFT Common City - Payment Voucher with EFT Payment
- Form CF-1040X Common City Amended Individual Return
- Form CF-2106 Common City - Employee Business Expense Deduction
- Form CF-4220 Common City Individual Income Tax Barcode Datasheet
- 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-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-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 TC Common City Part-Year Resident Individual Return
- Schedule W Withholding Tax Schedule
What's new for ProSeries/Michigan
The following items are new for tax year 2016:
- 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, 1950, and reached the
age of 67 on or before December 31, 2016, 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 retirement and pension income. Taxpayers that qualify for the Michigan Standard Deduction are not eligible to deduct retirement and pension 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, 1955,
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 2016 remains 4.25 percent. For tax year 2016, the personal exemption allowance remains $4,000 and the additional
exemption for disabled veterans remains $400. The special exemption allowance for deaf, blind, hemiplegic, paraplegic, quadriplegic,
or totally and permanently disabled remains $2,600.
Retirement/pension benefits included in AGI from a pension or an Individual Retirement Account (IRA) may be deductible.
Senior citizens age 71 and older may be able to deduct part of their interest, dividends, and capital gains that are included in AGI.
For 2016, the deduction is limited to a maximum of $11,115 for single filers and $22,229 for joint filers.
- Form MI-5472 Direct Debit of Individual Income Tax Payment
- Filing Extension Granted for Military Personnel Serving in a Combat Zone.
United States military personnel serving in a combat zone on April 18, 2017 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
You can file returns electronically with this version 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.
End of ReadMe file for ProSeries/Michigan