Michigan Governor Announces Early Refund Checks for 700,000 Households

Governor Gretchen Whitmer of Michigan announced that approximately 700,000 households in the state will receive refund checks averaging $550 early next year. The checks are part of an overhaul of Michigan's tax policies, which increased the Earned Income Tax Credit (EITC) for low- and moderate-wage workers. The checks will be the difference between the 6% tax credit received on their tax return and the 30% owed under the new law. Eligible residents do not need to submit additional paperwork, and the checks will be automatically processed and mailed on a rolling basis.