It’s tax season, which means Michigan residents will be looking for all the ways to save or increase their refund.
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.
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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.
Last tax year, more than 653,000 recipients received the Michigan EITC with an average credit of $836.
Who qualifies for the Michigan Earned Income Tax Credit?
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% of the federal credit when the taxpayer files their state income tax return.
How to file taxes in Michigan
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% 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 2-1-1.
Additional free tax help can be found at www.michiganfreetaxhelp.org.
To learn more about Michigan’s individual income tax, go to www.michigan.gov/incometax
