MICHIGAN INCOME TAX

BACKGROUND  County Code  School District Code

ADDITIONS & SUBTRACTIONS  Multi-state income tax  Federal government interest  Michigan Education Trust (MET) & Michigan Education Savings Plan (MESP)

USE TAX  Use tax – assessed on out-of-state purchases that didn’t have sales tax.  Exceptions:  Services  Groceries (non-prepared foods)  Anything where a sales tax of 6% or more was charged

TOTAL HOUSEHOLD RESOURCES  Items of income that normally aren’t taxable:  Supplemental Security Income (SSI)  State benefits (FIP or DHS payments other than food assistance)  Child support and foster parent payments  Worker’s compensation or Veteran’s disability compensation  Scholarships, grants, GI Bill  Gifts  Other non-taxable income (life insurance, inheritance, Roth IRA)  Student Loans***

HOMESTEAD PROPERTY TAX CREDIT – HOMEOWNERS  Property tax assessment (Taxable Value)  Property tax assessed  Winter 2014  Summer 2014

HOMESTEAD PROPERTY TAX - RENTERS  Rental address  Landlord name & address  Monthly rent  Mobile Home  Service fees for low-income housing

HOME HEATING CREDIT  Standard credit  Automatically calculated by software  Alternate credit  Amount billed from 1 November 2013 to 31 October 2014  Payment methods  Taxpayer responsible for heat bill: energy draft (must check box to get refund of any overpayment)  Taxpayer not responsible for heat bill: refund check