USA State Taxes
MICHIGAN (MI)
STATE INCOME TAX (SIT)
Description | Amount | Effective Date | Website | Deposit Method / Frequency / Threshold | Forms |
---|---|---|---|---|---|
Wage Withholding | 4.25% |
Michigan Department of Treasury - Withholding Tax
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Accelerated - Tied to Fed EFT - Over $480,000 (Jan-Dec preceding year) Monthly - $3,601 - $480,000 (Jan-Dec preceding year) Due by 20th day of following month. Quarterly - $0 - $3,600 Due by 20th day of month following quarter. Note that if less than $750, Employer may file annually. Due 28-Feb of year following. Register, File & Pay at Michigan Treasury Online (MTO) |
Forms, Withholding Guide and Tables Monthly / Quarterly Return - 5080
Michigan Withholding Exemption Certificate - MI-W4
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Supplemental Wage / Bonus Rate | 4.25% |
Notes: | Michigan has entered into reciprocal agreements with the states of Illinois, Indiana, Kentucky, Minnesota, Ohio, and Wisconsin. If registered to pay a tax must file a return even if no tax is due in period. |
STATE UNEMPLOYMENT INSURANCE (SUI)
Description | Amount | Effective Date | Website | Deposit Method / Frequency / Threshold | Forms |
---|---|---|---|---|---|
Maximum Taxable Earnings |
$9,500 Standard Wage Base $9,500 Wage Base for Delinquent Employers |
Unchanged from 2023 |
Michigan Unemployment Insurance Agency |
Quarterly EFT
Register for UIA Account Number & Pay at Michigan Web Account Manager (MiWAM) |
UI Forms |
Employee Deduction | None | ||||
Employer Tax Rate (Plus 1.16% obligation assessment) |
0.06 – 10.3% | 2024 | |||
New Employment Rate - Standard (Plus 1.16% obligation assessment rate) |
2.7% | Unchanged from 2023 | |||
Voluntary Contribution Permitted | Yes |
NEW HIRE REPORTING
Website | Frequency / Method | Forms |
---|---|---|
New Hire | Same as federal requirements. Not required to report if no hires. |
See website. |
LOCAL WITHHOLDING TAXES
Description | Amount | Website | Deposit Method / Frequency / Threshold | Forms |
---|---|---|---|---|
City Withholding Income Tax |
varies, flat rates | Local City Income Tax Links | Monthly or Quarterly | See each city website for withholding payment forms and annual returns |
WEBSITES
Disclaimer: This information is for reference only. To ensure accurate set up, we highly recommend that the information is verified with the applicable federal and state/provincial agencies. TimeTrex makes no claims, guarantees, or promises about the accuracy, current status, or completeness of the information provided. In no event shall TimeTrex be liable for any errors or omissions with respect to any resource information.
Last updated Jan 2024