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Michigan Department of Treasury: Treatment of 2020 Unemployment Compensation Exclusion

Michigan Department of Treasury: Treatment of 2020 Unemployment Compensation Exclusion

by Matthew Senter | Jun 16, 2021 | Tax

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. On April 1st, the State of Michigan notified taxpayers that they would...

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