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 State of Michigan Tax Form Mi 1041 1998

1998-2025 Form

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Video instructions and help with filling out and completing State Of Michigan Tax Form Mi 1041

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Instructions and help about State Of Michigan Tax Form Mi 1041

okay for this video i wanted to talk about the michigan state earned income tax credit right so the federal earned income tax credit very popular very well known this is claimed on your form 1040 tax return every year and generally taxpayers that are individuals with or married couples with qualifying children can claim this credit when they have earned income individuals that don't have any qualifying children can claim it as well if their income is below certain thresholds but what's important is that many states michigan include and have their own version of the credit right so if you are eligible for the credit at the federal level you might get an additional credit at the state level so in order to start the process you first need to prepare your federal return and that's because michigan like other states takes a percentage of the federal eitc amount so you can't do the michigan piece without having the federal done first so in this example here we

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