Michigan Tax FAQs

• taxmOuth Michigan Tax FAQs

Michigan Tax Forms

• taxmOuth Michigan Business Tax Forms
• taxmOuth Michigan Individual Tax Forms

Michigan Corporate Taxes

• taxmOuth Michigan Corporate Taxes
• Michigan Tax Rates & Brackets:
  
  4.95%> $0 (includes 21.99% surtax)
  
• Loss Carry-back/fwd: 0 Years Back / 10 Years Forward (Unlimited)
• Throwback Sales?: N
• Foreign Tax Deductible?: N
• Alternative Minimum Tax (AMT): N
• Gross Receipts Tax: N
• Capital Stock (Net Worth) Tax?: N

Michigan Tax Incentives and Credits

• taxmOuth Michigan Tax Credits
• Job Credits?: Y
• R&D Credits?: N
• Investment Credits?: Y

Michigan Individual Income Taxes

• taxmOuth Michigan Individual Income Taxes
• Michigan tax rates and brackets:
  
  4.35% of Federal AGI with modifications
  
• Local Option IT Rate: 0.44%
• Federal Inc used as Base?: Y
• Standard Deductions: Single N/A / Joint N/A
• Personal Exemptions/Credits (c): Single $3,400 / Joint $6,800 / Dependent $3,400
• Federal Tax Deductible?: N
• State Tax Deductible?: Y
• Alternative Minimum Tax (AMT)?: N

Michigan Estate, Gift and Inheritance Taxes

• taxmOuth Michigan Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Copies Federal
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

Michigan Miscellaneous Taxes

• taxmOuth Michigan Miscellaneous Taxes
• Gas Tax: 19.9 cents/gallon
• Diesel Tax: 15.9 cents/gallon
• Cigarette Tax: 200.0 cents/20 pack

Michigan Pass-through Tax Treatment

• taxmOuth Michigan Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: N

Michigan Payroll Taxes

• taxmOuth Michigan Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #45

Michigan Property Taxes

• taxmOuth Michigan Property Taxes
• Median Tax Paid on Homes (Rank): $2,191 (#17)
• Median Value of Homes: $151,300
• Tax as % of Home Value (Rank): 1.45% (#9)
• Median Income of Homeowner: $59,229
• Tax as % of Income (Rank): 3.70% (#10)

Michigan Sales and Use Taxes

• taxmOuth Michigan Sales and Use Taxes
• State Rate: 6.00%
• County & City (Weighted Ave): None
• Combined State and Ave. Local Rates (Rank): 6.00% (#32)
• General Treatment of Services: Exempt
• Gasoline: Taxable
• Groceries: Exempt