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Lowering MI Cost Plan

Michigan EITC for Working Families Update

Increased Credit Begins Tax Year 2022

The Lowering MI Costs plan increased the Michigan Earned Income Tax Credit (EITC) from 6% to up to 30%. Eligible individuals should file and claim this credit. Special rules apply for receiving the credit in the 2022 tax year.

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Retirement Tax Rollback Update

Beginning Tax Year 2023

The recent Lowering MI Costs Plan provides extra options for taxpayers when selecting the best taxing situation for their retirement benefits.

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