The IRS will continue to attempt collection of the tax you owe, but it may be willing to waive or reduce the penalty charges if you can show you have a good reason. Typically, April 15 is the day designated by the U.S. government as the day taxes are due … The personal exemption amount for 2020 is $4,750. Details about this extension: TREASURY - Notice: Penalty and Interest Waived for 33 Days for Certain Sales, Use, and Withholding Taxpayers with Returns Due January 20, 2021… Property Taxes. I have Michigan employees but my company is located in another state. What is Michigan’s 2020 personal exemption amount? It may even grow as it accumulates interest and penalties each month it remains unpaid. Form 446, Income Tax Withholding Guide. Where can I get more information about Michigan income tax? For more information, visit the Michigan Taxes Website. If you don't pay your taxes when they're due, the debt doesn't go away. Michigan's 2017 average non-homestead property tax rate was 52.65 mills, or $52.65 per $1,000 of assessed property, with real and personal property subject to taxation at 50% of current market value. Am I still required to withhold Michigan tax from the Michigan employees? Last week, the Cook County Board waived the late fee for this installment by two months until May 3, 2021. The first installment of Cook County’s 2021 property taxes are now available online for payment. The deadline for filing your 2020 taxes is May 17, 2021, after the IRS announced a filing extension. November and December 2020 returns have been extended to be due on February 22nd for qualified businesses. The first installment of tax year 2020 is 55% of the previous year’s total tax and is due on March 2, 2021.

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