Roughly 700,000 households will receive a check from the expanded tax credit beginning on Feb. 13, according to the Michigan Department of Treasury. The direct payments are slated to go out to eligible taxpayers on a rolling basis over a five- to six-week period.
The state says the payments being sent to Michiganders will be equal to the difference between the 6% working families tax credit from a resident’s 2022 tax refunds and the 30% that the credit is worth under the new legislation signed into law last year.
The new expanded tax credit is expected to give eligible residents an average of a $3,150 tax refund for tax year 2022. The increased 30%