|
|
Tax InformationClick Here For Tax Forms Who Must File A Return?Every individual with Muskegon taxable income must file a tax return
Muskegon 1040 every year, even if no tax is due. A request for refund
of overpaid tax must be made on a Muskegon tax return. A taxpayer must still
file an annual return even if you filed and paid Declaration of Estimated Tax. A resident is taxed 1% on all earnings, including salary, bonus, seperation and incentive payments, tips, commissions and other compensation for service rendered, REGARDLESS WHERE EARNED. A non-resident is taxed 1/2%(.005) on earnings received from work done or services performed in the City of Muskegon. Compensation for vacations, holidays, sick time, bonuses, and seperation or incentive payments are taxable on the same ratio as normal earnings. CLICK HERE TO SEE IF YOU LIVE OR WORK IN THE CITY OF MUSKEGON Due DatesTax returns are due on or before April 30th every year, except when April 30th falls on a Saturday or Sunday or within four months after the end of the fiscal year accepted by the Internal Revenue Service. Seventy percent (70%) of the taxpayer's estimated tax must be paid by the due date on the fourth payment voucher. When an extension is required, it may be requested by filing a copy of the federal extension request by the due date of the return. If an extension is granted and a tax is due, a tentative return and payment of the estimated tax must be submitted by the due date of the original return. Declaration of Estimated TaxEvery resident or non-resident who expects to have taxable income from which Muskegon city income tax will not be withheld, must file a Declaration of Estimated Income Tax if that income will be at least $10,000 for residents or $20,000 for non-residents. You must file a Declaration of Estimated Tax for your current tax year by April 30th and pay at least one-fourth (1/4) of the estimated tax with your declaration. The three remaining payments are due at the end of June, September, and January. Failure to file a Declaration of Estimated Tax and make the required payments on time, will result in assessment of penalty and interest. |
|
|