1366, Insurance Company Annual Return for SBT and Retaliatory Tax - michigan: Fill out & sign online

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The best way to change 1366, Insurance Company Annual Return for SBT and Retaliatory Tax - michigan online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making adjustments to your paperwork requires only a few simple clicks. Make these quick steps to change the PDF 1366, Insurance Company Annual Return for SBT and Retaliatory Tax - michigan online free of charge:

Sign up and log in to your account. Log in to the editor with your credentials or click Create free account to test the tool’s functionality.
Add the 1366, Insurance Company Annual Return for SBT and Retaliatory Tax - michigan for redacting. Click on the New Document option above, then drag and drop the document to the upload area, import it from the cloud, or via a link.
Change your template. Make any adjustments required: insert text and images to your 1366, Insurance Company Annual Return for SBT and Retaliatory Tax - michigan, highlight important details, remove sections of content and substitute them with new ones, and insert symbols, checkmarks, and areas for filling out.
Finish redacting the template. Save the modified document on your device, export it to the cloud, print it right from the editor, or share it with all the parties involved.

Our editor is very easy to use and efficient. Try it now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Contact us

What is the insurance tax in Michigan?

The premiums tax is calculated at 1.25% of gross direct premiums written on property or risk located in Michigan. Insurance companies are permitted certain exclusions from the tax base and a limited number of insurance-specific credits.

What is the tax rate in Michigan 2023?

Income Tax Rate Reduced to 4.05% Based on this change, Treasury is not updating the 2023 withholding tables. If withholding amounts are not adjusted, a reduction in tax liability will be realized in 2024, when individual and fiduciary returns are filed for tax year 2023.

Is there a premium tax on captives in Michigan?

While Michigan does not impose premium taxes on captives, they do have to pay a renewal fee, which is based on captives premium volume. The minimum renewal fee is $5,000, and the maximum is $100,000.

Are health insurance premiums tax deductible in Michigan?

Some qualified paid health insurance premiums may be deducted from income when calculating the homestead property tax and other credits allowed on the Michigan income tax return.

What is insurance taxed?

Tax on gross premiums A tax on gross premiums or business income. The basis for the tax is a percentage of gross premiums, less returned premiums, received by the insurer on business done in California.