700,000 Michigan Households to Get Refund Checks – Here’s Who Qualifies
The holidays can be a major crunch on the wallet. Well, if you’re in a pinch, some good news is that you may be one of the more than 700,000 Michigan households to get refund checks in early 2024.
Gov. Gretchen Whitmer announced Thursday (Dec. 14) that her administration will send checks to roughly 700,000 households in early 2024. It’s part of the new Earned Income Tax Credit in Michigan. The checks will average $550.
700,000 Michigan Households to Get Refund Checks – Here’s Who Qualifies
The checks are part of a new initiative called the “Working Families Tax Credit,” which begins in Feb. 2024. “In March, Governor Whitmer signed legislation quintupling the Michigan Working Families Tax Credit match of the federal Earned Income Tax Credit to 30%, up from 6%. This expansion will deliver an average combined tax refund of $3,150 to 700,000 families.” That directly impacts “nearly one million kids – almost half the kids in Michigan,” a release states.
“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,” Whitmer said. “This directly benefits half the children in Michigan. 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 continued, “Across the United States, inflation is decreasing and take-home pay is increasing, proving that our work in Michigan and President Biden’s efforts in Washington are moving us in the right direction. We still have more work to do. Today’s announcement will help get you some relief sooner than expected. Let’s keep rolling up our sleeves, lowering costs, and growing our economy.”
Starting Feb. 13, 2024, the State of Michigan will mail checks to Michigan families who qualified for the Working Families Tax Credit based on the 2022 tax filing. “The checks will be the difference between the 6% tax credit Michiganders received on their tax return and the 30% that is owed to the under the new law. Based on data from last year’s returns,” a press release explains. Residents can update their address here.