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Wednesday, April 22, 2009

Washingtonians who are eligible for the federal Earned Income Tax Credit (EITC) and have lived in the state for six months would be eligible for the Working Families Tax Rebate.

The calculator below lets you see how much the credit would be worth based on filing status, number of children, and the amount of earned income. (This assumes the credit will be equal to five percent of the EITC and is for tax year 2009.)

For example, a married couple with two kids and $20,000 in wages would receive $251 dollars. A single parent with one child would receive $152. The minimum credit for those who are eligible is $25.

* The basic requirements for EITC eligibility are 1) a valid Social Security number, 2) residence in the United States for more than half the year, 3) less than $3,100 in investment income, 4) some earned income, 5) a U.S. citizen or resident alien, 6) between ages 25 and 65 or have a qualified dependent, 7) a filing status other than married filing separately.

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