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Michigan Excess Business Loss
, or request a six-month extension here .Extracted from PDF file 2024-michigan-mi-461.pdf, last modified December 1969Excess Business Loss
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MI-461
More about the Michigan MI-461 Individual Income Tax TY 2024
To determine Michigan’s portion of the federal business income or loss, taxpayers use the Form MI-461 to file federal excess business loss limitations included in AGI.
We last updated the Excess Business Loss in March 2025, so this is the latest version of MI-461 , fully updated for tax year 2024. You can download or print current or past-year PDFs of MI-461 directly from TaxFormFinder. You can print other Michigan tax forms here.
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TaxFormFinder has an additional 97 Michigan income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form MI-1040ES | Estimated Individual Income Tax Voucher |
| Form MI-1040X-12 | Amended Michigan Income Tax Return |
| Form MI-1040CR | Homestead Property Tax Credit Claim |
| Form MI-1040 | Individual Income Tax Return |
| Schedule W | Withholding Tax Schedule |
View all 98 Michigan Income Tax Forms
Form Sources:
Michigan usually releases forms for the current tax year between January and April. We last updated Michigan MI-461 from the Department of Treasury in March 2025.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Michigan MI-461
We have a total of four past-year versions of MI-461 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 MI-461
2023, MICHIGAN Excess Business Loss Continuation Schedule
2022 MI-461
2022, MICHIGAN Excess Business Loss Continuation Schedule
2021 MI-461
2021, MICHIGAN Excess Business Loss Continuation Schedule
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