Michigan Treasury Releases FAQs Regarding the General FTE Tax Credit

The Michigan Department of Treasury released Frequently Asked Questions (FAQs) on the General Flow-Through Entity (FTE) Tax Credit. The FAQs provide taxpayers with information on: 1) what is a tiered or indirect credit and what support must be provided for these types of claims; 2) the refundable credit available to members of FTEs; and 3) the impact of the FTE tax credit towards estimated payments and individual income tax filings. [Mich. Dep’t of Treasury, General FTE Tax Credit: Frequently Asked Questions, 01/01/25]

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