MI-2210: Underpayment of Estimated Income Tax (2024)
Michigan · Michigan Treasury · Used for tax years 2024
Michigan Form MI-2210 calculates underpayments of estimated income tax for 2024 and any related penalty and interest. It includes an annualized income worksheet for income received unevenly during the year and is included with Form MI-1040 or MI-1041.
Who files this form
Use MI-2210 to determine whether you owe penalty and interest for missing, underpaying, or making late estimated income tax payments for 2024. It applies to individual and fiduciary filers.
The printed instructions say not to complete the form if:
- For MI-1040, line 20 minus the total of lines 25, 26, 27b, 28, 29, and 30 is $500 or less.
- For MI-1041, line 17 minus the total of lines 18, 19, and 20 is $500 or less.
Other exceptions include having no 2023 tax liability, or not being required to file a 2023 return and having a 2023 federal tax return covering a full 12 months.
Timely, equal estimated payments may also avoid penalty and interest. The instructions list payment levels of 90% of 2024 tax or 100% of 2023 tax. The prior-year amount increases to 110% if 2023 adjusted gross income exceeded $150,000 for joint or single filers, or $75,000 for married filing separately.
Farmers, fishermen, and seafarers should not file this form if at least two-thirds of their annual gross income for 2023 or 2024 came from those activities and they filed MI-1040 and paid the entire tax due by March 1, 2025.
You may also choose to have Treasury calculate your interest and penalty instead of completing MI-2210.
When it's due
For calendar tax year 2024, the estimated payment due dates printed on MI-2210 are:
- April 15, 2024
- June 17, 2024
- September 16, 2024
- January 15, 2025
For the special farming, fishing, or seafaring exception for tax year 2024, the filing and full-payment date is March 1, 2025.
The 2024 form calculates penalty and interest through the payment date or April 15, 2025, whichever is earlier.
Fiscal-year filers must adjust the due dates and interest rates to match their tax year.
What you'll need
Have these records available to complete the form:
- Your 2023 and 2024 Michigan income tax returns, either MI-1040 or MI-1041.
- Your name and full nine-digit Social Security number, or the estate or trust name and full Federal Employer Identification Number.
- Records of estimated tax payments and the dates paid.
- Your total withholding and any 2023 overpayment credited to 2024.
- Documentation of withholding dates if you want to use actual withholding timing instead of treating one-fourth as paid each quarter.
If you annualize your income, you also need year-to-date income totals for each worksheet period, exemption and credit information, and the completed Annualized Income Worksheet.
How to file
Include the completed MI-2210 with your MI-1040 or MI-1041. If you annualize your income, include the Annualized Income Worksheet with your Michigan annual return as well.
Round money amounts to whole dollars. Type or print in blue or black ink. Complete and include page 2, or the form cannot be processed.
Enter total interest from line 22 and total penalty from line 26 on the appropriate lines of your MI-1040 or MI-1041.
To have Treasury calculate the charges instead, complete MI-1040 as usual, leave its interest line blank, and do not attach MI-2210. Treasury will send you a bill.
The supplied text does not give a mailing address or e-filing instructions for MI-2210.
Common mistakes
- Leaving out page 2. The form cannot be processed unless page 2 is completed and included.
- Working across the columns too soon. Complete lines 10 through 21 one column at a time before moving to the next column.
- Including extension payments. The instructions say not to enter extension payments on MI-2210.
- Using regular installments when annualizing. Enter Annualized Income Worksheet line 16 on MI-2210 line 9.
- Annualizing only part of the year. Complete all four worksheet columns using cumulative year-to-date income, not just income earned during each separate period.
- Using the individual worksheet settings for an estate or trust. Fiduciary filers must use the special period-ending dates and annualization amounts in the text.
- Allocating withholding unevenly without support. Use 25% in each column unless you provide documentation supporting a different allocation.
Questions people ask
Can I owe interest or penalty even if I receive a refund?
Yes. An insufficient or late payment in any quarter can result in interest and possibly penalty, even if your annual return shows a refund.
Does a later overpayment erase an earlier underpayment?
Not necessarily. Interest and penalty are calculated separately for each due date. You may still owe charges even if you make up an earlier underpayment later.
What if my income varied during the year?
You may use the annualized income installment method. It may reduce one or more required installments. Complete MI-2210 and all four columns of the Annualized Income Worksheet, and include them with your Michigan annual return.
Will I owe a penalty if estimated payments were not required the previous year?
No penalty is charged if estimates were not required in the immediately preceding year. Interest may still be due.