Withholding rate unchanged for Michigan workers after Oct. 1, 2011
The withholding Rate reduction scheduled to take place on Oct. 1, 2011, was repealed by Public Act 38 of 2011. Therefore, the income tax rate will remain 4.35% and withholding tables will remain unchanged.
The Persoanal Exemption Amount increased to $3,700.
EzPayCheck payroll software includes this changes in its 2012 version.
***********
- The new Michigan 2012 Withholding Tables (Effective Jan 1, 2012) is available at:
http://www.halfpricesoft.com/2012/taxrate-Michigan-2012.asp
- The old Michigan Tax Tables can be found at:
http://www.halfpricesoft.com/2011/taxrate-Michigan-2011.asp
