Washington Millionaires’ Tax, Expanded Working Families Tax Credit Make Tax Code Fairer
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.
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.
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 […]
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.