Do I Have to File Taxes If I Made Less Than $5000? Tax Filing Requirements in Michigan

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  • You must file a tax return in Michigan if your income is over $4,050.
  • The state income tax rate is 4.25% flat.
  • The personal exemption is $4,750.
  • The special exemption is $2,800.
  • Risk losing refunds if not filing within 4 years.
  • Those missing July 15 should still file to claim refunds.
  • Income under $500 should file to get refunds owed if tax was withheld.
  • Married couples should file jointly for lowest tax or refund.
  • Miscellaneous income over $600 requires Form 1099-MISC reported even if not required by payer.
  • The 2020 single filing minimum income is $12,400 if not 65 or older. It’s $14,050 if 65 or older.
  • Unearned income over $1,050 requires filing.
  • City residents should file to avoid state inquiries.
  • Electronic filing allows amended returns.
  • Extensions allowed.
  • Required forms: W-2, 1099s.
  • File even with no income to avoid correspondence.
  • Refunds lost if 4 years late.
  • Those under $5,000 should file for refunds owed.
  • Federal but not state filing still requires state return.

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