NEWS RELEASE
TREASURY DEPARTMENT
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Working families and individuals with low to moderate income may be able to receive Michigan’s Earned Income Tax Credit (EITC), according to the Michigan Department of Treasury.
The Michigan Earned Income Tax Credit for Working Families is a benefit for working families with income below a certain level. This credit can lead to increased refunds on taxes already paid or a refund if you do not owe tax.
“Michiganders should explore if they are eligible for the Earned Income Tax Credit,” State Treasurer Rachael Eubanks said. “The extra income this tax credit provides can be really helpful to working families, especially for paying bills or putting food on the table. Please don’t hesitate to seek out assistance so you can claim it on both your federal and state individual income tax returns.”
To qualify, individuals must meet certain requirements and file a federal income tax return, even if no tax is owed or there is no requirement to file a return. If you are eligible and claim the federal EITC, the state of Michigan offers up to 30 per cent of the federal credit when the taxpayer files their state income tax return.
The amount of the federal EITC depends on income, filing status and number of qualifying children claimed as dependents on the taxpayer’s federal income tax return.
Last tax year, more than 653,000 recipients received the Michigan EITC with an average credit of $836.
To inform and educate taxpayers about the federal and state EITCs, Earned Income Tax Awareness Day is on Friday, Jan. 31.
How to File
Choosing electronic filing and direct deposit is convenient, safe and secure. Last year, of the approximately 5 million returns received by Treasury, Michigan taxpayers e-filed more than 91 per cent of those returns.
For more information about e-filing, go to www.mifastfile.org.
Individuals with low to moderate income, disabilities or are 60 years of age or older may qualify for free tax preparation help from IRS-certified volunteers. For information about free tax help, go to irs.treasury.gov/freetaxprep or dial 211.
Additional free tax help can be found at www.michiganfreetaxhelp.org.
For More Information
To learn more about Michigan's individual income tax, go to www.michigan.gov/incometax or follow Treasury on X, or on LinkedIn.
To learn more about the EITC, go to www.irs.gov/eitc.
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