Tax season is upon us, and the Michigan Department of Treasury reminds Michigan taxpayers that they may be able to receive the Earned Tax Credit or EITC. Thousands of eligible families missed out on this money last year because they didn’t file federal taxes or they didn’t know about the option. The average credit is around $150.
Eligibility for the credit depends on the number of dependents and income. State Treasurer Rachael Eubanks said, “All eligible Michiganders should seek out this important tax credit.”
Across the state, taxpayers saved about $110 million spread across nearly 730,000 filers. It is important to know that to get the Michigan credit, taxpayers must file a federal tax return, even if they don’t owe any taxes. If the federal EITC is granted, Michigan provides a 6% supplemental EITC. More information can be found at www.irs.gov/eitc or www.michigan.gov/incometax.
Reporting for WGRT, Karly Hurley.