Tax Credits
Receive multiple Federal and Michigan tax credits.
Learn how below.
Federal Tax Credits: How do I receive these tax credits?
Depending on the type and amount of income, and number of dependents in the home you may qualify for one or both of these credits.
Earned Income Tax Credit (EITC)
Click link below to view tables organized by tax year to find the maximum amount of EITC you may be eligible for:
Child Tax Credit (CTC)
Who qualifies? You can claim the Child Tax Credit for each qualifying child who has a Social Security number that is valid for employment in the United States.
To be a qualifying child for the 2024 tax year, your dependent generally must:
- Be under 17 at the end of the tax year.
- Be your son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of one of these (for example, a grandchild, niece or nephew).
- Not provide more than half of his or her own support for the tax year.
- Have lived with you for more than half the tax year.
- Be claimed as a dependent on your return.
- Not file a joint return for the year (or filed the joint return only to claim a refund of taxes withheld or estimated taxes).
- Be a U.S. citizen, U.S. National or a U.S. resident alien.
- Must have a Social Security Number that is valid for employment and is issued before the due date of your tax return (including extensions).
You qualify for the full amount of the 2024 Child Tax Credit for each qualifying child if you meet all eligibility factors and your annual income is not more than $200,000 ($400,000 if filing a joint return).
Parents and guardians with higher incomes may be eligible to claim a partial credit.
Click link below for additional information about CTC tax credits:
Michigan Tax Credits: How do I receive these tax credits?
You may qualify for one or both of these credits.
Homestead Property Tax Credits
Many individuals who RENT OR OWN, even those with only Social Security, SSI or disabilty income, qualify for the Homestead Property Tax Credt. The max amount receivable for 2024 is $1700 and is determined by a ratio of your income in combination with housing status. Calling 211 or Goodwill directly may help you determine if you do in fact qualify, Please do not schedule an appointment until you are sure you qualify, as there a limited number of spots available to our community.
Two key factors to determine eligibility are:
- If you own, your taxable value must be under $154,000
- For both homeowners and renters, the total household resources must be $67,300 or less
Click link below for additional information about Homestead property tax credits:
Home Heating Credit
Who qualifies? You may qualify for a home heating credit if all of the following apply:
- You own or were contracted to pay rent and occupied a Michigan homestead
- You were NOT a full-time student who was claimed as a dependent on another person’s return
- You did NOT live in college or university operated housing for the entire year
- You did NOT live in a licensed care facility for the entire year
- Your income was within the limits in Table A and Table B
Note: You may be required to submit documentation to support your claim.
Click link below for additional information about CTC tax credits: