Michigan
What is the trade-in credit allowed for Michigan?
For Michigan, trade-in credit allowed is capped credit; credit cap, if any is $12,000 or the agreed-upon value of a motor vehicle (whichever is less), recorded from its source on 2026-08-19.
Motor Vehicles: $12,000 or the agreed-upon value of a motor vehicle (whichever is less). This tax reduction is only applicable on a motor vehicle traded in for the purchase of a new or used motor vehicle or recreational vehicle from a licensed dealer.
— michigan.gov, retrieved 2026-08-19
- State
- Michigan our reading
- Trade-in credit allowed
- capped credit our reading
- Credit cap, if any
- $12,000 or the agreed-upon value of a motor vehicle (whichever is less) verified
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
Source
- michigan.govhttps://www.michigan.gov/taxes/-/media/Project/Websites/taxes/Forms/SUW/TY2026/485_11-25.pdf