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Printable Form 1065 Grand Rapids Michigan: What You Should Know

The Michigan Department of Treasury's Taxpayer Services Division The Michigan Department of Treasury (MDE) supports the State of Michigan. It is the official state tax collection agency of the State of Michigan. MDE is responsible for collection of millions of dollars in payroll tax revenue and federal employment taxes. As a part of Michigan's overall tax system, MDE serves the State on behalf of the voters as the ultimate agency for administering the taxes collected within Michigan's borders. Taxes on wages The State of Michigan does not determine minimum wage or state-specific minimum wages, but employers should base their wages on the federal or state minimum wage. Employees must continue receiving their paychecks for all wages earned until they are due an amount of money owed by employers. Taxpayers can estimate their employer's payroll tax liability based on the payroll tax amount that was reported in an earlier year. Employers must pay employees all wages earned up until the federal minimum wage applies. For example, an employer's employer tax liability is based on employee wages earned during the year. Federal law states that these payments must be made from wages earned before the employer took the required withholding; this is due first in February (but paid in January in many states). For tax year 2016, employers must withhold a payroll tax payment at the higher state law pay rate of 12.4 percent. For tax year 2024 this number increased to 14 percent, and employers would have pay an estimated 13.6 percent of employee wages in state payroll taxes. The employer tax liability for 2024 to 2024 is 10.4 percent. MDE does not provide tax preparation for federal or state income tax. Federal Payroll Tax Forms Employers are required to file a federal Form W-2 for each pay period. The forms must be filed and paid to the IRS no later than the end of the month following the month in which wages were earned and the year for which the W-2 form was filed. Employers who are paid quarterly will need these forms filed and paid by the end of the third business day of each month after the end of each quarter. If the quarterly pay periods are a Saturday, Sunday, or Monday, employers need to file and pay these forms by the end of the fourth business day after the end of each quarter. Federal and state withholding must be paid to the IRS by the end of the 15th day after the end of each quarter.

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