Tax Day 2024 and How to Get an Extension from the IRS
Tax Day is on Monday, Apr 15, 2024. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!
New to Michigan state withholding taxes? Here’s what you need to know.
New to Michigan state withholding taxes? Here’s what you need to know. Withholding Requirements:
• Register as an employer by clicking here.
• Michigan Withholding Exemption Certificate - MI-W4.
• Several Michigan cities have withholding forms as well. A complete list can be found here (under Michigan).
• Withholding Method = 4.25% effective 1/1/2016.
• Supplemental Rate = Withhold as for federal, Withhold at 4.25% if flat rate for federal.
Local Taxes: For a complete list of city taxes click here.
State Unemployment Insurance (SUI): Report quarterly wages and contributions by filing Form UIA 1028 (Employer's Quarterly Wage/Tax Report) by 25th day of month following end of quarter: Benefit ratio formula
Wage base is $9,000 effective July 1, 2016 Contribution rates range from 0.06% to 13.3% for 2016
New employers use 2.7% in 2016State Disability Insurance (SDI): None
State Labor Laws:
Minimum Wage - $8.50
Termination Pay - Fired/Quit - next regular payday.
Employers must report hiring, rehiring, and return to work within 20 days using Michigan New Hire Reporting Form 3281, or MI W-4 (Employee's Withholding Allowance Certificate) to:
New Hire Operations Center
P.O. Box 85010
Lansing, MI 48908-5010
Phone: 800-524-9846
Fax: 877-318-165
9
To report online click here.
MiSDU
P.O. Box 30350
P.O. Box 30037 Lansing, MI 48909800-817-0805<br /
To report online click here.
Reciprocal States: Illinois, Indiana, Kentucky, Minnesota, Ohio, Wisconsin
Other helpful links: Michigan Department of Treasury
Michigan Unemployment Insurance Agency For paycheck calculation visit the Paycheck Calculator of PaycheckCity.
Tax Day is on Monday, Apr 15, 2024. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!
IRS has updated tax brackets for 2024. See how this affects your first paycheck this year!
Check out the updated 2024 Federal benefit limits for 401(k), HSA, and simple IRA, and more. Stay informed and plan your finances with confidence!