top of page

Michigan Taxable Wage Base Increases 

February 24, 2021

If you are a Michigan employer, there was an increase in the state unemployment insurance (SUI) taxable wage base from the original $9,000 that has been effective for the past several years up to $9,500.

 

This means that the Unemployment Insurance Agency (UIA) Trust Fund balance fell below the $2.5 billion threshold for 2 consecutive quarters, which would normally allow for a reduced taxable wage base.

 

The Michigan Unemployment Security (MES) Act requires contributing employers to pay unemployment insurance taxes on their employee’s wages. This predetermined taxable wage base is the amount of an employee’s wages that is taxed by the Unemployment Insurance Agency each calendar year to be paid by the employer.

Mt Pleasant
619 S Mission St
Mt Pleasant, MI 48858
Phone: (989) 772-4673
Fax: (989) 772-6371

Midland

2927 Manor Dr

Midland, MI 48640

Phone: (989) 832-7833

Fax: (989) 631-1509

​Canadian Lakes
10024 Buchanan Rd
Stanwood, MI 49346
Phone: (231) 972-7178

​Gaylord
711 W Main St
Gaylord, MI 49735
Phone: (989) 448-8336

  • Twitter
  • Instagram
  • LinkedIn
  • Facebook
© 2020 by Blystone & Bailey CPAs, PC
bottom of page