Washington is on its way to making history after the legislature approved the “millionaires’ tax,” a 9.9 percent tax on income over $1 million. The bill, which makes significant investments in public education and child care, will also expand the Working Families Tax Credit – the state’s EITC – to reach an additional 460,000 households.
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Yakima families benefit from newly implemented Working Families Tax Credit: Thousands still eligible to apply | KIMA (kimatv.com)
YAKIMA – For the first time this year, families were able to apply to get over a thousand dollars back through the Working Families Tax Credit (WFTC).
The program is designed to give $300 to $1,200 per year back to nearly 400,000 taxpayers to help balance Washington’s “upside down tax code.”
WA’s low-income tax credit, established in 2008, available for first time
Up to $1,200 is now available for hundreds of thousands of low-income working Washington families, thanks to a 2008 law that — 15 years later — is finally funded for the first time.
Nuevo pago financiero para las personas y familias que viven en Washington
A partir del primero de Febrero de 2023, el Working Families Tax Credit (crédito tributario de la familia trabajadora), proporcionará pagos de hasta $1,200 a las personas que cumplan con ciertos requisitos de elegibilidad.
Inslee signs economic justice legislation to help working families
Gov. Jay Inslee today signed an economic justice legislative package, including the Working Families Tax Credit and the capital gains excise tax, that starts the process of making Washington’s upside-down tax system fairer and more equitable.