Every year, Michiganders leave thousands of dollars on the table. Make sure you get what’s owed to you.

Below you’ll find everything you need to know about all federal and state credits available to you. If you have any questions, check out the hyperlinks or contact Michigan 2-1-1.

Federal Tax Credits

Earned Income Tax Credit

The  Earned Income Tax Credit (EITC) is a tax credit for working filers to help refund the some of the taxes (like FICA) that are taken off your paycheck. For the 2022 tax season, the credit will be worth from $1,500 to $6,728. To qualify for the EITC, you must: 1) have worked and  earned income under $57,414, 2) have investment income below $10,000 in the tax year 2021, 3) have a  valid Social Security number by the due date of your 2021 return (including extensions), and 4) be a  U.S. citizen or a resident alien.

NOTE: There is both a federal EITC and a state EITC, so be sure to claim both! The Michigan EITC credit is equal to 6 percent of your federal credit.

Child tax Credit

The new  Child Tax Credit (CTC) provides families with children much needed financial relief. Federal changes means that for the 2021 tax year, this credit is worth $3,000 per child ages 6-17 and $3,600 per child under 6 years old. If you have children under 18, you are likely eligible even if you typically do not file or have no earnings. If you received advanced payments of the Child Tax Credit in 2021, you will need to file your federal income taxes.

Other credits

The Child & Dependent Care Credit – Look into this credit if you paid expenses for the care of a qualifying individual to enable you (and your spouse, if filing a joint return) to work or actively look for work.

Educational Tax Credits & Deductions – If you, your spouse or dependents had educational expenses from attending college last year, you should check out these credits and deductions: Hope, American Opportunity & Lifetime Learning credits.

Looking for a more comprehensive list of federal credits and deductions?

State Credits

Home Heating Credit

The  Home Heating Credit provides qualified Michigan homeowner or renter with financial assistance to pay for a portion of their home heating costs. You may apply this credit using home heating costs that occurred between November 1, 2020 through October 31, 2021. To apply, your total household resources must not exceed incomes limits per household size (e.g., $14,186 for a single person or $39,157 for a six-person household), own or rent the home where you live (including apartments and mobile homes) and have your heat bill (gas, electric or heating oil) in your name.

Homestead Property tax credit

The  Homestead Property Tax Credit helps qualified Michigan homeowners and renters pay for a portion of your property taxes. For the 2022 tax season, this credit is worth up to $1,500. The credit, for most people, is based on a comparison between property taxes and total household resources. Homeowners pay property taxes directly and renters pay them indirectly through their rent.

To qualify for this credit, you must own or were contracted to pay rent (have a lease in your name) and lived in a Michigan home for at least 6 months during the year on which property taxes and/or service fees were levied. For homeowners, your taxable value must be $136,600 or less. For both homeowners and renters, your total household resources must be $60,600 or less. However, if 100% of your total household resources were received from the Michigan Department of Health and Human Services, you do not qualify.