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Up To $1,200 Tax Credits In Washington— See Who Qualifies

Tax Credits [Photo: Ramsey Solutions]
Tax Credits [Photo: Ramsey Solutions]

Up to $1,200 in tax credits will be received by qualified residents of Washington. These tax credits are under the Working Families Tax Credit (WFTC) authorized in 2021.

Working Families Tax Credit (WFTC) [Photo: Medium]

Working Families Tax Credit (WFTC) [Photo: Medium]

In 2021, the state legislature of Washington authorized the Working Families Tax Credit (WFTC). The WFTC program provides individuals and households of $50 to $1,200 in direct payments annually. However, to qualify for the tax credits, there are a few guidelines the residents must meet. If a resident also decides to file taxes, they can claim the tax credits on their tax return. Taxes can be filed for free on the Volunteer Income Tax Assistance website. On the contrary, third-party tax preparers also offer assistance, but they likely will charge fees.

According to Russo, after filing the taxes, applying for the WFTC program online can be done for free on the Department of Revenue (DOR) website. Upon applying, an applicant must have their Social Security or Individual Taxpayer Identification Number, supporting tax documents, and personal ID. Fortunately, the applications will be open until December 31.

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Who qualifies for these tax credits?

An article in Washington Department of Revenue website says that to qualify for the tax credits, a resident must have lived in Washington for six months, earned at least $1, and have filed taxes in 2022. They must also be between 25 and 65 years old or have at least one child. Single filers or heads of households with no children must earn less than $16,480 to receive up to $300. Joint filers with no children must earn less than $22,610 to receive up to $300.

On the contrary, single filers or heads of households with one child must earn less than $43,492 to receive up to $600. Joint filers with one child must earn less than $49,622 to receive up to $600. Single filers or heads of households with two children must earn less than $49,399 to receive up to $900. Joint filers with two children must earn less than $55,529 to receive up to $900. Lastly, single filers or heads of households with three children must earn less than $53,057 to receive up to $1,200. Joint filers with three children must earn less than $59,187 to receive up to $1,200.

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