"700,000 Michigan Households to Receive $550 Tax Credit Checks in 2024"

Over 700,000 Michigan households will receive tax credit checks averaging $550 in February 2024 as part of the state's Working Families Tax Credit, which was increased to match the federal Earned Income Tax Credit. The expansion applies retroactively to 2022, and eligible individuals will receive a check to make up the difference between the original 6% credit and the new 30% rate. The governor stated that the tax credit directly benefits half of Michigan's children and can be used for bills, food, and school supplies.