3) There is no gambling loss deduction for Michigan income taxes. You will pay state income taxes on all gambling winnings reported.
Taxes Site - Are gambling losses an allowable subtraction? Gambling /lottery winnings are subject to Michigan income tax to the extent that they are included.
The state's Income Tax Act was amended by Public Act 22 of 2003 to require the three Detroit casinos to withhold taxes on the winnings of. Send to a Friend. I participated in the Step Forward Michigan program. The major downside of gambling at all when you break even, is that if you win large jackpots and have a corresponding loss so, you essentially break flintstones games play onlineyou taxable income is considered to include your winnings only not your losses figured in. How do I compute my homestead property tax credit if I got married during the year? What should I do if my home heating credit has been processed but I have not received the energy draft that was issued?
Official: State of michigan gambling taxes tax
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