Do I have to file taxes if I made less than $5,000?
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.
Filing Guidelines and Deadlines
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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 the 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. Federal but not state filing still requires state return.