Taxpayers are encouraged to check with current and previous employers and financial institutions to ensure they have up-to-date addresses on file in preparation for the 2024 income tax filing season, according to the Michigan Department of Treasury.
By ensuring employers and financial institutions have the latest address information on file, W-2s and other financial documents can be mailed to the correct address. Incorrect addresses typically lead to information being mailed to the wrong location and could cause delays when filing tax returns.
“Updating your address with current and past employers and financial institutions can help prevent any unnecessary processing delays when you file your income taxes next year,” said Deputy State Treasurer Glenn White, who oversees Treasury’s Revenue Services programs. “When the individual income tax processing season opens in late January, we will be ready to process your return. A few moments of your time today can make filing much easier tomorrow.”
Other notable items for Michigan’s 2024 individual income tax filing season (2023 tax year):
- Beginning in January 2024, forms and instructions may be viewed and downloaded from www.michigan.gov/taxes. In addition, commonly used forms will continue to be available at Treasury offices, public libraries, northern Michigan post offices and Michigan Department of Health and Human Services county offices.
- When tax season begins in late January, taxpayers are encouraged to e-file their state tax returns instead of mailing a paper return. To learn more, go to www.mifastfile.org.
- Taxpayers who have been recent victims of identity theft are asked to report their circumstances to the state Treasury Department. Reporting identity theft helps thwart cybercriminals who attempt to file returns and steal state tax refunds. To learn more about tax-related identity theft, go to www.michigan.gov/identitytheft.
- Michigan’s 2023 tax return, forms, and instructions (e-file and paper format) reflect the expanded Michigan Earned Income Tax Credit (ETIC) for Working Families created in a new state law. Although the law will not take effect until February 13, 2024, Michigan EITC-eligible individuals should not delay in filing their tax year 2023 return and claiming the expanded credit. Treasury will work affected returns as they are received and prepare them for release as soon as the law takes effect.
- The Lowering MI Costs Plan provides taxpayers with more options to choose the best taxing situation for their retirement benefits beginning in tax year 2023. The law change will take effect on February 13, 2024. Treasury is committed to ensuring that all eligible retirees can take full advantage of the expanded subtraction options. Michigan’s 2023 tax return, forms, and instructions (e-file and paper format) incorporate all retirement and pension benefit subtraction options, including those created in the new law.
For the 2023 filing season, the state Treasury Department processed nearly 5.2 million 2022 tax year individual income tax returns, with a typical refund around $760. Most timely filed refunds for the 2022 tax year have been processed.
