2018-04-12 / Community

Working families eligible for Michigan Earned Income Tax Credit

State of Michigan provides six percent match on Federal Tax Credit

LANSING – Working families and individuals with low to moderate income who receive a federal Earned Income Tax Credit (EITC) can receive a six percent matching tax credit from the state of Michigan, according to the Michigan Department of Treasury.

To qualify, individuals must meet certain requirements and file a federal income tax return, even if no tax is owed or there is no requirement to file a return. If a federal EITC is granted, the state of Michigan will provide a six percent supplemental EITC when the taxpayer files his or her state income tax return.

“I strongly encourage all eligible Michiganders to take advantage of this important tax credit,” said Deputy State Treasurer Glenn White, head of Treasury’s Tax Administration Group. “This puts extra income in the pockets of individuals and families in most need.”

The amount of the federal EITC depends on income, filing status and number of qualifying children claimed as dependents on the taxpayer’s federal income tax return. The EITC reduces the amount of tax owed and may provide a refund.

During the 2016 tax year, more than 770,000 claimants received the Michigan EITC, totaling nearly $114 million with an average credit amount of $148.

The state Treasury Department estimates there are thousands of eligible Michiganders who are eligible for both the federal and state EITCs and do not claim them each year.

To learn more about the EITC, go to www.irs.gov/eitc.

More information about state of Michigan income taxes can be found at www.michigan.gov/incometax.

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