Michigan Unemployment Tax Credit Application Now Available
Contributing employers with positive account balances can now apply for the Michigan
Tax Credit. Click
here to link to the state’s website where you can find instructions on how to
complete the application and other pertinent information.
The credit is 50% of the additional FUTA tax paid by the employer on the 2009 Federal
940 or the employer’s taxable wages for calendar year 2009 multiplied by the Nonchargeable
Benefits Component (NBC) of the employer’s unemployment tax rate for 2009, whichever
You will need your 2009 Federal Form 940 to complete the required portion of the application.
If you want to compute the amount of your credit, you will also need your 2009 Michigan
Unemployment Tax Rate Determination and your total 2009 unemployment taxable wages
as reported on UIA quarterly reports.
Once your application is approved, the amount of your credit will appear during the
electronic filing process if you use EWAM to file your quarterly returns or be pre-printed
on the blank hard copy contribution report.
This weblog is sponsored by TALX.
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