"700,000 Michigan Households to Receive $550 Tax Credit Checks in Early 2024"
TL;DR Summary
Starting February 13, 2024, around 700,000 households in Michigan will receive an average of $550 as part of the expanded Earned Income Tax Credit (EITC). The checks, which are a result of a tax overhaul signed by Governor Gretchen Whitmer, aim to provide relief for retirees and low-income earners. The new law expands the state's EITC from 6% to 30% of the federal credit. The payments are expected to take up to six weeks to distribute and will benefit families in paying bills, buying groceries, and purchasing school supplies.
Topics:nation#checks-distribution#earned-income-tax-credit#low-income-earners#michigan#tax-relief#taxation
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