This economic relief is made possible by the Washington State Department of Revenue (DOR), which launched the Working Families Tax Credit (WFTC), which is refundable on the annual sales tax paid by the state.
A new economic stimulus is taking shape in Washington State for low- and moderate-income households. It is a tax credit that provides up to $1,200. We at Globe Live Media are going to tell you what it’s all about and how you can apply for it.
This economic relief is possible thanks to the Washington State Department of Revenue (DOR), which launched the Working Families Tax Credit (WFTC), which is refundable on the annual sales tax paid.
According to official figures, about 400,000 eligible employees residing in Washington state are expected to be helped. “We are excited to begin accepting applications for this incredible program and get money back to the people who need it most,” said Acting Revenue Director John Ryser via a press release.
“The WFTC is part of a broader campaign to reduce poverty in Washington and our agency is proud to be a part of this effort,” he added.
What are the eligibility requirements?
-Having a Social Security Number or official ID
-If you do not have an SSN, you can receive an Individual Taxpayer Identification Number (ITIN) instead.
-Have lived in Washington for more than half of the year
-Be at least 25 years old or younger than 65 years old
-Also eligible are those who have a qualifying child in 2022
Have filed a tax return for 2022 -Have filed a 2022 tax return
Eligible to claim the federal Earned Income Tax Credit on the 2022 tax return -Eligible to claim the federal Earned Income Tax Credit on the 2022 tax return
What documentation we must submit
-A copy of the federal income tax return that was filed with the Internal Revenue Service
-Your Social Security Number or ITIN
-The date of birth for your entire family, including your spouse’s and your children’s dates of birth
Your driver’s license or Washington State ID number -Your driver’s license or Washington State ID number
-Your address
Your bank routing number and account number if you choose direct deposit -Your bank routing number and account number if you choose direct deposit