In one week, the Michigan Department of Treasury will send out checks worth an average of $550 to eligible taxpayers as part of the state’s expansion of the working families tax credit.
The direct payment will go out to roughly 700,000 households beginning on Feb. 13. The checks will be sent out on a rolling basis over a five- to six-week period beginning next week.
The check residents will get is equal to the difference between the 6% working families tax credit included in an eligible resident’s 2022 tax refunds and the 30% value that the credit is worth under the new legislation approved in 2023.
State officials say the expanded tax credit will give eligible residents an average of a $3,150 tax refund for tax year 2022. The higher 30% rate for the working families tax credit will be part of tax refunds for 2023 and beyond.
“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 2023.
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“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.
Eligible residents will receive the check automatically, with the state saying that taxpayers do not need to fill out any additional paperwork. Additional information about the tax credit can be found on the Michigan Department of Treasury website.
