Michigan residents may benefit from financial relief measures in 2024 through programs designed to support working families and individuals with lower incomes. While there are no new federal stimulus checks planned, the state has implemented significant measures:
1. Working Families Tax Credit (WFTC) Checks
In February 2024, Michigan began issuing checks to residents who qualified for the Earned Income Tax Credit (EITC) in 2022. These checks, averaging $550, are being distributed to about 700,000 households. This initiative resulted from a state law that expanded Michigan’s match of the federal EITC from 6% to 30%, providing substantial additional tax refunds to eligible individuals.
Eligibility:
Low-income workers who qualified for the federal EITC in 2022.
For a married couple with three children, the income limit was $59,187; for individuals without children, it was $16,480.
The Michigan Department of Treasury is automatically issuing these payments based on tax returns.
2. Expanded State Programs
In addition to the WFTC, Michigan offers other economic relief programs:
Earned Income Tax Credit Expansion: Provides larger tax refunds for eligible families.
Housing Assistance: Support for renters and homeowners facing financial challenges.
Utility and Food Assistance: Increased funding for heating and basic needs programs to combat rising costs.
How to Stay Updated
For updates on stimulus payments or new relief programs:
Monitor announcements from the Michigan Department of Treasury.
Check local news or government websites regularly.
Confirm that your mailing address is updated with the state treasury if you are eligible for automatic payments.
If you believe you qualify for Michigan’s relief programs or WFTC checks, there’s no additional application required. Payments will be mailed automatically, so ensure your address is current.
For further information, visit the Michigan Department of Treasury’s website or consult local resources.
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