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2023 Income Tax Cut for Michiganders

2023 Income Tax Cut for Michiganders

Bird's Eye View of Michigan Shoreline
Bird's Eye View of Michigan Shoreline

Income Tax Rate Reduced to 4.05%

Based on this change, Treasury is not updating the 2023 withholding tables. If withholding amounts are not adjusted, a reduction in tax liability will be realized in 2024, when individual and fiduciary returns are filed for tax year 2023.

Income Tax Rate Change FAQs