An increased working families tax credit will provide with $550 Rebate Check in Michigan households – refund checks in 19 days. A law passed last year upped the credit to 30%, prompting this working family support project. This program begins distribution on February 13 for 700,000 homes.
$550 Rebate Check in Michigan (Photo from Newsweek)
Michigan’s $550 Boost: Faster Distribution of Tax Credit Checks in 19 Days
The state will distribute these funds over five to six weeks to ensure efficiency. The checks are based on the difference between qualified residents’ 2022 tax refunds’ 6% working families tax credit and the 30% credit. The enhanced credit helps families financially, and the checks put money back in Michigan residents’ pockets.
Including the tax credit, these rebate checks will result in an average $3,150 tax refund for 2022, according to the state. Importantly, regular tax refunds for 2023 will reflect the improved 30% working families tax credit rate.
In December, Governor Gretchen Whitmer said, “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.” She noted that the extra income may be used to pay bills, buy food, and buy school supplies, benefiting children and families.
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Michigan Residents to Receive $550 Rebate Checks Without Paperwork
Importantly, the Michigan Department of Treasury states that residents need no additional paperwork to get the cash. The rebate checks will be immediately sent to eligible residents, making financial assistance available without bureaucracy.
Residents can visit Michigan’s website for transparency and more information on the expanded tax credit. This proactive initiative helps Michigan families and supports the state’s goal of reducing financial burdens and improving residents’ well-being.
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