Michigan Tax Rebate 2024: Find Out If You Are Eligible For Up To $550 Michigan Tax Rebate!

Michigan Tax Rebate 2024: Find out if you are eligible for up to $550 Michigan Tax Rebate!

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The Michigan Tax Rebate is part of $1 billion in tax cuts that were signed into law by the Michigan Governor early last year.

Michigan Tax Rebate 2024: Find Out If You Are Eligible For Up To $550 Michigan Tax Rebate!
Michigan Tax Rebate 2024: Find Out If You Are Eligible For Up To $550 Michigan Tax Rebate! (Photo: CNBC)

 

Starting February 13, more than 700,000 families will receive Michigan Tax Rebate checks

Michigan Governor Gretchen Whitmer said that the Working Families Tax Credit for lower-income workers, also known as the Michigan Earned Income Tax Credit (EITC), would increase from 6% to 30% of the federal credit beginning in the 2023 tax year which can give Michigan Tax rebate to more than 700,00 families across the state.

It was applied retroactively to 2022, meaning eligible Michigan residents could get an additional Michigan Tax rebate check from last year’s tax return in addition to the full 30% credit they receive this 2024.

The amount of Michigan Tax rebate each person gets will vary, but the average payment will be $550.

Read Also: Michigan Stimulus Payments: $528 Monthly Allocated To Low-Income Small-Business Owners, Here’s How To Qualify!

Eligibility for Michigan Tax Rebate checks

To claim the Michigan Tax rebate, the residents must have earned income, which is taxable earnings they get by working on their job. In addition to that, residents must also qualify for the federal EITC, and file state and federal taxes.

There is more money coming after a bipartisan tax bill recently passed that would expand the child tax credit for American families.

Read Also: Update On The Stimulus: Michigan Is Distributing Refund Cheques To Households In 22 Days, Averaging $550


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