1031 Exchange Michigan

Michigan Opportunity Zones

Capital Gains Rates

State Rate 4.25%

Local Rate 1.70%

Deduction None

Combined Rate 29.25%

Additional State Capital Gains Tax Information for Michigan

The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent).

Additional State Income Tax Information for Michigan

Michigan has a flat income tax rate of 4.25% of federal taxable income. Additionally, 22 cities in Michigan may levy an income tax, with non-residents paying half the rate of residents.

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