Emergency-related state tax relief available for taxpayers located in twelve northern Michigan counties impacted by March 2025 storms.
What are the MI-2210 penalty and interest charges?
What are the MI-2210 penalty and interest charges?
- Penalty is 25% for failing to file estimated payments (minimum of $25 per quarter) or
- 10% of the underpaid estimates (minimum of $10 per quarter)
- Interest accrues at 1% above the prime rate and is computed monthly