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Lowering MI Cost Plan

Lowering MI Cost Plan

Michigan Nature Photo

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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Aerial photo in Michigan of the borders of a forest and a body of water meeting.

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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