Michigan to Disburse $550 Avg. Stimulus Checks to 700,000 Families in February

Approximately 700,000 households in Michigan are set to receive stimulus checks averaging $550 next month, part of an expanded Working Families Tax Credit. The checks, reflecting the difference between the 6% credit on 2022 tax refunds and the increased 30% rate enacted last year, aim to provide an average $3,150 tax refund for the upcoming tax year.

(Photo: Tom’s Guide)

Boosting Finances for Families

Michigan Governor Gretchen Whitmer emphasizes the impact of quintupling the Working Families Tax Credit, injecting an average of $550 into the budgets of 700,000 families. The early distribution aids in meeting essential needs such as bills, groceries, and school supplies.

Checks, starting on Feb. 13, will be dispatched gradually over five to six weeks. The expedited process ensures quick financial relief for eligible recipients.

The Michigan Department of Treasury will automatically identify eligible recipients, streamlining the distribution without requiring additional paperwork from taxpayers.

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Extended Benefits into 2023

The heightened 30% rate under the Working Families Tax Credit will extend into 2023, contributing to refunds issued later in the year. This sustained support aims to further alleviate financial strains for eligible taxpayers.

Additional information about the tax credit, eligibility, and distribution can be accessed on the state’s official website, providing transparency and clarity for recipients.

The move aligns with broader efforts to bolster economic resilience amid ongoing challenges, reflecting a state commitment to supporting families through direct financial assistance.

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