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Treasury: Working Families, Individuals Eligible for Michigan Earned Income Tax Credit

Michigan Business Network
February 19, 2021 5:00 PM

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Thousands of Eligible Michiganders
Don’t Claim Important Tax Credit Annually

LANSING, Mich. – Working families and individuals with low to moderate income may be able to receive Michigan’s Earned Income Tax Credit (EITC), 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 6% supplemental EITC when the taxpayer files his or her state income tax return.   

“The Earned Income Tax Credit is a very important tax credit that all eligible Michiganders should seek out,” State Treasurer Rachael Eubanks said. “The extra income this tax credit provides can be really helpful to working, low to moderate income families. Please don’t hesitate to seek out assistance so you can claim it on both your federal and state individual income tax returns.”

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 2019 tax year, approximately 738,400 claimants received the Michigan EITC, totaling almost $110.6 million with an average credit amount of $150.

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. For more information about services provided by the state Treasury Department, go to www.michigan.gov/treasury or follow @MITreasury on Twitter.

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