Don’t miss out on Earned Income Tax Credit
As the tax filing season begins, residents who are eligible for the Earned Income Tax Credit are reminded that Michigan’s EITC was boosted in 2023. Public Act 4 of 2023 expanded the Michigan EITC from 6% of the federal EITC to 30%. This credit expansion is retroactive to the 2022 tax year. Even if you do not owe tax, both the Michigan EITC and the federal EITC could lead to a tax refund. The maximum Michigan EITC is 30% of the federal EITC maximum — which is adjusted yearly for inflation. For 2024, the Michigan maximum credit is $2,349, according to the Michigan Department of ...