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In February, Americans to Receive $550 Stimulus Checks from $1 Billion Fund – Check Eligibility Criteria Here!

Child Tax Credit
Child Tax Credit; Source- MARCA

Michigan families facing bills get a break next month as Gov. Whitmer’s $1 billion tax cut includes a helpful Child Tax Credit program.

Governor Whitmer increases the tax credit and gives $550 to 700,000 families. (Photo: klik.solutions)

Big Boost for Michigan’s Economy

According to The Sun, Governor Gretchen Whitmer wants to help families in Michigan. She has a plan to make things a bit easier for them. By making the Working Families Tax Credit five times bigger, about 700,000 families in Michigan will get some extra money. On average, each family could receive around $550. This money is coming earlier than expected, and it’s meant to help families with their bills and important things for their kids.

READ ALSO: US Futures Decline As Bank Profits Don’t Impress

Families Could Get $3,150 on Average with New 30% Tax Credit

Michigan is doing something more to help families with money. They are making a special program that gives families a lot of help with their taxes. This program is called the Working Families Tax Credit, and it’s going to be much bigger—30% bigger! This means around 700,000 families might get around $3,150 on average. The government plans to send this money starting on February 13, 2024, so families can use it for things they need. If you live in Michigan, you don’t have to fill out extra papers, but it’s good to tell them if you moved so they can send your money to the right place.

READ ALSO: There Are 3 Lesser Known Social Security Regulations You Should Know About

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