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.”
OPINION: Community Members and Advocates Achieved a Big Victory for Inclusive Cash Support
Last week, in a historic win for Washingtonians, the legislature passed House Bill 1297, an updated version of our state’s long-unfunded Working Families Tax Credit, with overwhelming bipartisan support. This targeted tax credit, which will provide an annual cash rebate to nearly 1 in 6 households with low and moderate incomes, will soon be signed into law by Governor Jay Inslee.