Eligible households in Michigan will get a check worth an average of $550 in 20 days as part of a recently enacted expansion to the working families tax credit.
Officials in the Great Lakes State estimate that roughly 700,000 households will get a check being sent out in the coming weeks. The payments will be equal to the difference between the 6% working families tax credit on an eligible resident’s 2022 tax refunds and the 30% that the credit is now worth, thanks to legislation raising the credit signed in 2023.
The state will begin sending out payments on Feb. 13, with the checks going out on a rolling basis over a five- to six-week period.
The combined value of the tax credit will provide an average of a $3,150 tax refund to 700,000 families in the state for tax year 2022, per the state. For tax year 2023, the increased 30% rate for the working families tax credit will be included on regular tax refunds going out later this year.
“By quintupling the working families tax credit, we’re putting an average of $550 back in the pockets of 700,000 Michigan families ahead of schedule,” Gov. Gretchen Whitmer (D-MI) said in a statement about the expanded tax credit in December.
“This directly benefits half the children in Michigan, and moms and dads can use this extra money at tax time to pay the bills, put food on the table, and buy school supplies,” she added.
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No additional paperwork is necessary for the payments, as eligible Michigan residents will automatically receive the check, according to the Michigan Department of Treasury.
More information about Michigan’s expanded tax credit is available on the state’s website.
