The Michigan Department of Treasury strongly encourages you to file and submit returns electronically.Be sure to check the box on Form MI-1040, line 31A, and include any refund received from the original return, and provide the explanation as to why the return is being amended.Taxpayers who filed an original return, and either claimed a refund or paid with their return, will need to file an amended return to claim their entitled refund.Here is a link to the State of Michigan, Form MI-1040X.While this is overall a good thing for taxpayers, it is unfortunate that their preparers will have to charge to prepare amended returns when it was of no fault of the taxpayer nor of their tax professionals.
WILL I GET AN UNEMPLOYMENT TAX BREAK REFUND UPDATE
We had hoped and anticipated that the State of Michigan would find a way to automatically update taxpayer returns and send refunds accordingly, but, unfortunately, we now know that they were unable to achieve this.Īs of now, the State of Michigan has been unable to provide an automated mechanism and is advising taxpayers to proceed with filing an amended return. The unemployment income exclusion has been an ever-evolving circus. At that time, the State of Michigan asked taxpayers to refrain from filing an amended return, and to await further guidance as they explored options to automate the potential refunds. On April 1st, the State of Michigan notified taxpayers that they would be conforming to the Federal law, and that those who filed a return that did not include this exclusion may be entitled to a refund. On March 11, 2021, The American Rescue Plan Act included a provision to exclude $10,200 of unemployment compensation from taxable income if the taxpayer’s modified AGI was $150,000 or less.
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