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Nearly 55,000 Oregon Children To Benefit From New Tax Credits

Photo: Google

Low-income families in Oregon state with children below 6 years old are encouraged to apply for tax return to claim the Oregon Kid’s Credit worth up to $1,000 per eligible child.

Photo: Google

Oregon Kid’s Credit available to low-income families

Eligible Oregon families can avail of the new tax credit for children because of a new law established last year. Policy analyst of Oregon Center for Public Policy, Tyler Mac Innis said that this tax credit is designed to help the most vulnerable families in the state to help ends meet.

To be eligible, the Oregon family should have an annual income of not more than $30,000. They can claim up to $1,000 worth of credit for every child below 6 years old in the family.

Reported by New Port News Times, the Oregon Kids’ Credit received an almost unanimous support in the Senate despite the contentious legislative session and another near unanimous vote in the House. According to Oregon Center for Public Policy, almost 55,000 Oregon kids can benefit from the tax credit.

READ ALSO: Tax Filing Season: The Child Tax Credit’s Waiting Game

Other tax credits in addition to Oregon Kids’ Credit

Not only will the low-income families benefit from the Oregon Kids’ Credit, but they most probably can avail of the federal and state Earned Income Tax Credit, Working Family Household and Dependent Care credit.

All they must do is to file a tax return. If they find it difficult to file on their own, they can ask for help for free from tax preparation services which are available on a resource page by the Oregon Department of Revenue, or they try calling 2-1-1.

READ ALSO: Discover Free Income Tax Preparation Resources Today!

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