MI HB4522

Adds a new personal exemption for taxpayers who have a certificate of stillbirth from the Michigan Department of Health and Human Services, effective for tax years beginning January 1, 2019.

Increases the personal exemption amount by $600 for all tax years beginning in 2022 and thereafter, with amounts rounded to the nearest $100 increment.

Maintains existing income adjustments and deductions for retirement/pension benefits, education savings accounts, ABLE accounts, and other specified income sources.

Provides limitations on retirement and pension benefit deductions based on taxpayer birth year and age, with higher deduction limits for those receiving benefits from governmental agencies not covered by Social Security.

Preserves exemptions for dependent family members, disabled individuals, and disabled veterans under existing provisions.