michigan state tax brackets for 2023-2024
I'm sorry, but I do not have access to the specific tax brackets for 2023-2024 at the moment. I recommend checking the Michigan Department of Treasury's official website or contacting a tax professional for the most accurate and up-to-date information on the state tax brackets for 2023-2024.
The 2023-2024 tax year for Michigan begins on September 21, 2023, and ends on April 30, 2024. The state's tax brackets are as follows: 0% on incomes below $9,500 12% on incomes between $1,250 and $41,250 15% on incomes between $41,251 and $136,250 20% on incomes between $136,251 and $208,750 23.5% on incomes above $2
Thank you for providing the tax bracket information for the 2023-2024 year in Michigan.
For incomes below $9,500, tax rate is 0%. For incomes between $1,250 and $41,250, the tax is 12%. Incomes between $41,251 and $136,250 are taxed at 15 while incomes between $136,251 and $208,750 taxed at 20%. Incomes above $208,750 are at a rate of 23.5%.
These tax brackets will apply for the period from September 21, 2023, to April 30, 2024. It's important to note that tax laws and regulations are subject to change, so it's recommended to consult with a tax professional the Michigan Department of Treasury for the most accurate and up-to-date information.