Economy|WrittenByLAPost
Will you get a $550 check? Michigan tax rebate payments start arriving soon
Beginning February 13, over 700,000 low and middle-income Michigan families will start receiving tax rebate checks averaging $550 under an expanded state tax credit program. The extra cash comes from $1 billion in tax cuts signed into law last year by Governor Gretchen Whitmer. It represents welcome relief for households facing rising costs of living statewide. The payments originate from enhancements to Michigan’s Earned Income Tax Credit (EITC), which benefits lower wage earners. The state matched the credit to 30% of the federal EITC amount from just 6%. The change created billions in tax savings that officials now return directly
February 06, 2024