MI State Tax-Did not pay taxes before April 15, 2024 at the time of filing extension

[sakilee0209]

I filed extension for Federal and State of Michigan for 2024. I paid taxes that I thought I owed to Federal but based on my calculation I was supposed to receive refund from MI so I did not pay MI. However, I am now trying to file State of Michigan return and turned out that I owed MI $194. 

However, I met the all of the following below; 

(source: https://www.michigan.gov/taxes/questions/iit/accordion/estimate/why-am-i-being-charged-penalty-and-i...)

I paid 

• 90% of your current year's tax liability
• 100% of the previous year's tax liability
• 110% of your previous year's tax liability if your previous year's adjusted gross income is more than $150,000 ($75,000 for married filing separately)

Since I paid enough taxes to meet all of the above, does it mean that I won't owe any penalty even if I owe MI $194 for 2024 tax and paying past April 15, 2024?

Please clarify. Thank you. 

[LenaH]

Since you paid enough taxes to meet the thresholds specified, you should not owe penalties and interest on the underpayment of estimates. However, per the MI-1040 instructions, you may still owe interest on the amount of taxes due from the due date through the date the taxes were paid. 

[sakilee0209]

Thank you for your answer. I reviewed my calculation of underpaid tax before April 15, 2024, it's actually $3. when I actually file my return, would I only pay $3 or $3 and interest on it? 

If I need to pay interest, how do I calculate?

Would I pay $3 when filing my state return but pay the interest separately to the State of MI?

Thank you,