In less than a month, Michigan will send payments of an average of $550 to roughly 700,000 households in the state as part of the expanded working families tax credit.

Eligible Michigan residents will get a check from the state that will be equal to the difference between the 6% working families tax credit on the 2022 tax refunds of eligible taxpayers and the 30% the credit is now worth under newly signed legislation. The combined tax credit will give an average of a $3,150 tax refund to 700,000 families for tax year 2022, per state officials.

The checks are slated to be sent by the state beginning on Feb. 13, with the payments being sent on a rolling basis over the following five to six weeks.

“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 rebate in December. “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.”

The increased 30% rate for the working families tax credit is in place for the tax year 2023, meaning it will be part of tax refunds that are given by the state later this year to eligible residents.

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The Michigan Department of Treasury will determine who is eligible for the additional tax credit and automatically send payments, meaning taxpayers do not need to fill out additional paperwork to receive the check.

Further information about the state’s expanded tax credit can be found on the state’s website.