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Tax Credits 2024 in Michigan: More Than 700,000 Payments Will Receive $550 New Payments

Tax credit
Eligible households in MIchigan will receive $550 in tax credits. (Photo: Getty)

Michigan Governor Gretchen Whitmer officially announced that more than 700,000 eligible households will receive an average amount of $550.

Tax credits

Eligible households in Michigan will receive $550 in tax credits. (Photo: Getty)

More Than 700,000 Households Will Receive New Payments

Michigan Gov. Gretchen Whitmer announced recently that more than 700,000 households in the state are eligible to get an average amount of $550. This is part of the $1 billion tax cut signed into law earlier this year to help the residents of the state.

In a published article in Click On Detroit, the new payments under the Working Families Tax Credit is part of the 2022 tax return. This will be distributed beginning February 13, 2024 through mail checks to families who are qualified for the new payments.

READ ALSO: Americans Will Receive $7,500 In Direct Deposits Before The New Year

Michigan Gov. Whitmer Released a Statement

According to a published article in The Daily News, Gov. Whitmer said, “By quintupling the Working Families Tax Credit, we’re putting an average of $550 back in the pockets of 700,000 Michigan families ahead of schedule. This directly benefits half the children in Michigan, and moms and dads can use this extra money at tax time to pay the bills, put food on the table, and buy school supplies.”

Furthermore, Gov. Whitmer admitted that there is still more work to do to help the residents in the state financially, but the new payment will give them financial relief.

READ ALSO: Stimulus Check Update: Claim Your $2,800 Check Before Its Due Date

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