Working families' tax credit

From the 2024 DOR Tax Exemption Study

82.08.0206 - Working families' tax credit Description The “Working Families' Tax Credit” (WFTC) is a credit in the form of a refund of sales and use taxes provided to eligible low-income individuals. This credit is based in part on the federal Earned Income Tax Credit (EITC). To be eligible for the credit, individuals must qualify for the ETIC or would otherwise qualify for the EITC except that they used an Individual Tax Identification Number instead of a Social Security Number on their federal income tax return. The maximum credit amount varies depending on an individual’s income and number of qualifying children. The maximum credits are: - $300 for eligible persons with no qualifying children. - $600 for eligible persons with one qualifying child. - $900 for eligible persons with two qualifying children. - $1,200 for eligible persons with three or more qualifying children. The minimum payment is $50, regardless of the number of qualifying children. The credit amounts will be adjusted for inflation every year, beginning January 1, 2024, based on changes in the average consumer price index for the Seattle, Washington area for urban wage earners and clerical workers, all items, com