What'S New For 2024 Taxes In Michigan. Michigan taxpayers will be subject to a higher individual income tax in 2024 than they saw in 2023. Beginning in tax year 2023 (for returns filed in 2024), michigan taxpayers will be able to choose either:
Manually calculate your estimates using the reduced 2023 income tax rate of 4.05%. Taxpayers who qualify for michigan’s newly expanded earned income tax credit (eitc) will start receiving checks in the mail for their 2022 tax return early next year.
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