The Michigan Senate recently passed a bill to extend the tax credit to families who qualified for it last year.
Around 700,000 low-income families in Michigan who are eligible for the Earned Income Tax Credit (EITC) may receive checks later this year
The purpose of the bill is to fix a problem that arose when Democrats and Republicans engaged in a process fight, which sabotaged the effort to allow eligible taxpayers to claim the credit last year. Republican Sen. Joseph Bellino criticized the delay and stated that the families who require the credit deserve better treatment from their elected officials.
The bill will now proceed to the state House for approval.
The Earned Income Tax Credit is a refundable tax credit for low- to moderate-income individuals and families
It is meant to encourage work and reduce poverty by supplementing the earnings of those who work but earn low wages. The credit amount depends on the recipient’s income, marital status, and the number of children in the household.
The EITC has been effective in reducing poverty rates and promoting employment, particularly among single parents. The passage of this bill will help ensure that eligible low-income families receive the EITC they deserve.
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