Tax Tips & Planning

More Savings This Tax Season – The State of Washington Just Introduced a Working Families Tax Credit

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The new tax credit can help residents of the state of Washington get back more money at tax time.  Beginning February 1st, eligible workers can claim the Working Families Tax Credit (WFTC) and get up to $1,200.  

How do I apply?

All applications must be received by December 31, 2023. Starting February 1st, you can use ezTaxReturn to claim the Working Families Tax Credit.  It’s quick and painless.  Just answer some simple questions about yourself and we’ll take care of the forms and math for you and help you maximize your savings.

Who is eligible for the Working Families Tax Credit?

You’re eligible for the Working Families Tax Credit if you meet all the following criteria:

  • You have a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)
  • You lived in Washington for more than half the year (at least 183 days)
  • You are between the ages of 25 and 64 OR have a qualifying child
  • You filed a 2022 federal tax return
  • You’re eligible for the federal Earned Income Tax Credit (EITC) or would meet the requirements for EITC but are filing with an ITIN.
  • You meet the income requirements

What are the income thresholds?

The credit amount you’ll receive depends on the number of children you claim and your income level.  For 2022, the maximum credit ranges from $300 to $1,200.  You can qualify with and without children, but larger families are eligible for a higher credit amount.  

Number of qualifying children Single filers with income less than: Married filing jointly with income less than Maximum credit amount
0 $16,480 $22,610 $300
1 $43,492 $49,622 $600
2 $49,399 $55,529 $900
3 $53,057 $59,187 $1,200

Who is a qualifying child?

A qualifying child must have a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).  They must also pass three tests.

  • Relationship: They must be your child, stepchild, foster child, sibling, stepsibling, or a descendent of one of them.
  • Age: The child must be under 19, under 24 if a full-time student, or any age they’re permanently and totally disabled.
  • Residency: The child must live with you for more than half the year.

 

ezTaxReturn Expert Staff

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