2016 Michigan Individual Income Tax Return MI-1040. 2016 Michigan Individual Income Tax Return MI-1040 - michigan-2025

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Every wage-earning person that lives or works in Michigan pays a flat 4.25% for Michigan state income tax. View more information about Michigan tax rates. In addition, 24 Michigan cities charge their own local income taxes on top of the state income tax rate.
Penalty is 5% of the total unpaid tax due for the first two months or portion thereof. After two months, 5% of the unpaid tax amount is assessed each month. The maximum late penalty is equal to 25% of the unpaid tax owed. What are the penalty charges for failure to file or pay?
● Income tax: 4.05 percent Michigan reduced its flat individual income tax rate to 4.05 percent for tax year 2023. However, the rate will go back up to 4.25 percent in 2024, which will impact taxes filed in 2025. In addition to the state income tax, you may pay local income taxes depending on where you live or work.
ing to the Michigan instructions for Form 1040-MI, you must file a return if you owe tax, are due a refund amount, or your adjusted gross income (AGI) exceeds your exemption allowance; it is also recommended to file a Michigan state return if you filed for a federal return even if you do not owe Michigan tax.
This year, federal and state income tax returns are due April 15, 2024.
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Bonuses and other payments of taxable employee compensation made separately from regular payroll payments are subject to Michigan income tax withholding. The withholding amount equals the payment amount multiplied by 4.25 percent (0.0425). Do not make any adjustment for exemptions.
You must file a Michigan return if you file a federal return or your income exceeds your Michigan exemption allowance. A return must be filed even if you do not owe Michigan tax. Select the tax year link desired to display the list of forms available to download.
The transcript displays online upon successful completion of the IRSs two-step authentication. Automated Telephone Request 1-800-908-9946. Transcript is generally received within 10 business days from the IRSs receipt of the telephone request.

2016 michigan income tax rates