Can I make tax payments in installments?

The Michigan Department of Treasury does offer options for taxpayers who wish to make tax payments in installments. This can be especially helpful for individuals who may find it challenging to pay their entire tax liability at once. Under certain circumstances, a payment plan may be established, allowing taxpayers to pay the owed amount over a specified period. To set up such a payment plan, it is usually necessary to complete an application that outlines the taxpayer's financial situation and proposes a reasonable repayment schedule. Payment plans typically require the taxpayer to remain current with any future tax obligations while the installment payments are being made. For specific details regarding eligibility requirements, the application process, and any associated fees, it is advisable for individuals to consult the Michigan Department of Treasury's website. This resource will provide the most accurate and up-to-date information regarding installment payments and other relevant options.