About the Earned Income Tax Credit (EITC)
Many workers and their families are eligible for the Earned Income Tax Credit (EITC). There is both a federal EITC and a state EITC, so be sure to claim both! Your state credit is equal to 6 percent of your federal credit for Tax Year 2012.
EITC Eligibility Information for Tax Year 2012
The income eligibility guidelines and maximum credit amounts for Tax Year 2012 are listed below:
For everyone, investment income must be $3,200 or less for the year.
How can I claim the two earned income credits?
The federal credit is available by completing Schedule EIC in the Federal 1040 or 1040A. The state credit is computed by entering your federal credit amount into your MI-1040 tax form and then multiplying by 6%, so do your federal taxes first!
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Find Out More About Tax Credits for Michigan's Working Families
Money Back in Michigan This packet promotes awareness of various federal and state tax credits available to low- and moderate-income households. It is designed to assist organizations that serve low-income individuals and families by providing timely information about credits for which they may qualify. The flyers can be distributed or displayed in local offices, libraries, community centers, and retail businesses.
Fact Sheet on the Michigan Earned Income Tax Credit (Michigan League for Public Policy, rev. Jan. 2008)
Introducing the Michigan Earned Income Tax Credit (Michigan Department of Treasury, June 2008)