MICHIGAN Business Tax Film Credit State of Michigan Michigan Form

Instructions and help about MICHIGAN Business Tax Film Credit State Of Michigan Michigan

state of Michigan is about to start mailing some big checks to low-income working residents the average check's going to run about $550 and that will go to nearly 3/4 of a million michiganders there are ways to not only get that money but still more for the 2023 tax year Rod Maloney here to help us look through how you qualify Rod all right Devon This is complicated stuff we'll try and make it very simple the checks that are coming out now are for the 2022 tax year and it only be 24% % of your federal Earned Income Tax Credit amount could have been 600 could have been th000 could have been a couple of thousand it'll be 24% of that complicated you don't need to know that in 2023 because you can file this year your Michigan eitc will be 30% of what you get from the feds that's pretty good money here's exactly how you get it you're likely wondering how to qualify for the Earned Income Tax Credit you have to have earned income in the year you request the credit Credit in 2023 the maximum y