2018 ProSeries/Michigan Readme
Release 2018.350
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
- Blind checkboxes - on Michigan Information Worksheet no longer transfer from prior year, but from federal return only.
Items addressed in previous releases
The following forms and worksheets have been addressed in previous releases:
- Form 4 Application for Extension of Time to File Tax Returns
- Form 4013 Resident Tribal Member Annual Sales Tax 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-4797 Adjustments of Gains and Losses from Sales of Business Property
- Form MI-8453 Individual Income Tax Declaration for Electronic Filing
- Schedule 1 Additions and Subtractions
- 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
- Form 2210 Underpayment of Estimated Income Tax
- Form CR-5 Schedule of Taxes and Allocation to Each Agreement
What's new for ProSeries/Michigan
The following items are new for tax year 2018:
- Federal 2017 Tax Cuts and Jobs Act Under the federal 2017 Tax Cuts and Jobs Act, personal and dependent exemptions were suspended at the federal level. However, Michigan enacted legislation to restore the personal and dependent exemptions.
- Homestead Property Tax Credit Updates For 2018, the homestead property tax credit was expanded: 1)The percentage of gross rent paid increases to 23% 2)The limit on total household resources increases to $60,000 3)The percentage of total household resources decreases to 3.2% 4)The maximum credit increases to $1,500.
- 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, 1952, and reached the age of 67 on or before December 31, 2018, 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 Beginning January 1, 2018, those born after 1952 who received retirement benefits from employment that was not covered by the Social Security Act and were retired as of January 1, 2013, may deduct $35,000 for single or married filing separately filers or $55,000 for
joint filers of retirement and pension benefits. If both spouses on a joint return qualify, the maximum deduction increases to $70,000. If the older of you or your spouse (if married filing jointly) was born on or after January 1, 1953 but before January 2, 1957, have reached age 62 and receive Social Security exempt
retirement benefits due to employment with a governmental agency, you may be eligible for a retirement and pension deduction. For more information see Michigan Pension Schedule (Form 4884).
- Amended Return Beginning with tax year 2017, use the Michigan Individual Income Tax Return (MI-1040) and Michigan Amended Return Explanation of Changes (Schedule AMD) to file an amended MI-1040.
- Michigan Cities Michigan Cities added that can use Common City Forms CF-1040: Benton Harbor and Port Huron.
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