State individual income tax rate for 2026 tax year determined
MARQUETTE – State Treasurer Rachael Eubanks, Senate Fiscal Agency Director Kathryn Summers and House Fiscal Agency Director Mary Ann Cleary have published their statutorily required calculation to determine the individual income tax rate for the 2026 tax year. Upon publication of the state of Michigan’s Annual Comprehensive Financial Report for Fiscal Year (FY) 2025 – which ran from Oct. 1, 2024, to Sept. 30, 2025 – the state treasurer and agency directors determined that the general fund growth did not exceed inflation and a rate adjustment calculation was not ...