Scammers are contacting taxpayers while pretending to be from the Michigan Department of Treasury, using out‑of‑state phone numbers. They may request payments or attempt to trick you into providing your bank account information. Always verify the source before sharing any personal or financial details.
Calculate Late Penalty and Interest
Calculate Late Penalty and Interest
The Revenue Act includes provisions for charging penalty and interest if a taxpayer fails to pay a tax within the time specified.
INTEREST
Interest is calculated by multiplying the unpaid tax owed by the current interest rate.
PENALTY
Penalty is 5% of the total unpaid tax due for the first two months. After two months, 5% of the unpaid tax amount is assessed each month. The maximum late penalty is equal to 25% of the unpaid tax owed.