The Michigan Department of Treasury is set to issue checks worth an average of $550 to eligible taxpayers as part of the state’s expansion of the working families tax credit.

The state estimates approximately 700,000 households will receive a payment from the expanded tax credit starting on Feb. 13 and going out on a rolling basis over the succeeding five-to-six-week period.

Eligible Michiganders will not need to fill out any additional paperwork to receive the check, as the state says eligible taxpayers will automatically get their payments sent to them.

The amount in the checks being sent to residents is set to be equal to the difference between the 6% working families tax credit included in an eligible resident’s 2022 tax refunds and the 30% value that the credit is worth under the new legislation signed into law in 2023.

The state claims the expanded tax credit should give eligible residents an average of a $3,150 tax refund for tax year 2022. For tax year 2023 and beyond, the increased 30% rate for the working families tax credit will already be factored into tax refunds, per state officials.

“By quintupling the working families tax credit, we’re putting an average of $550 back in the pockets of 700,000 Michigan families ahead of schedule,” Gov. Gretchen Whitmer (D-MI) said in a statement about the expanded tax credit last year.

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“This directly benefits half the children in Michigan, and moms and dads can use this extra money at tax time to pay the bills, put food on the table, and buy school supplies,” she added.

More details about the expanded tax credit can be found on the Michigan Department of Treasury’s website.