Federal and State Taxes

Federal Tax Rates:

• Tax bracket rates of 10%, 12%, 22%, 24%, 32% and 37% remain in effect.
• 22% federal supplemental rate (for withholding on supplemental wages up to $1 million). Rate for supplemental withholding on wages over $1 million is 37%

State of Michigan Tax Rate:

• Income tax withholding rate: 4.25%
• Personal exemption amount: $4,000

Further Information