Estimate tax on qualified and ordinary dividend income in Michigan.
Dividend tax in Michigan: qualified dividends use the long-term capital-gain brackets (0/15/20%) while ordinary dividends follow the income brackets. Your broker usually labels them.
Tax
Tax = dividends × applicable rate
Estimate — excludes net investment income tax.
Generally 60+ days holding within the holding period and from a U.S. or qualifying foreign corporation.
Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.