Here is some good news for Michigan residents.
The checks that will be received by Michigan residents will vary due to different factors that will be considered. (Photo: Marca.com)
Good News For Michigan Residents
Michigan residents received good news as the state will be distributing checks to around 700,000 households in the state, with an average amount of $550, as an expanded Working Families Tax Credit.
The checks that will be received by Michigan residents will be based on the difference between the 6% tax credit and the current 30% value under a law enacted last year.
The checks that will be given to Michigan residents will provide an average tax refund of $3,150 for 700,000 families for the tax year 2022. The checks that should be received by Michigan residents will be sent out starting from February 13 and continue over five to six weeks.
According to a published article by the Washington Examiner, the eligibility of Michigan residents will be determined by the Michigan Department of Treasury, and Michigan residents who are recipients of the checks do not need to submit additional paperwork.
Michigan residents should also know that the 30% rate will be effective for the 2023 tax year and further details can be found on the state’s website.
Rebate Amounts Of The Checks
In a published article by Newsweek, the specific amount of the rebate depends on factors such as income, filing status, the number of qualifying children, and disability status.
The rebates are intended to support Michigan families, particularly low-income households, by helping with expenses like bills, and groceries.
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