Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Department of Revenue reports stronger uptake of Washington's Working Families Tax Credit in year two
Summary
The Department of Revenue told the House Finance Committee the Working Families Tax Credit issued more refunds in 2024, with growth tied partly to a statutory extension allowing claims for prior years; the average refund was about $750 and outreach expanded through grants and agency partnerships.
Steve Ewing, legislative and external affairs liaison for the Department of Revenue, presented a year-two update on the Working Families Tax Credit (WFTC) to the House Finance Committee on Jan. 14, 2025.
The WFTC is a refundable credit for low- and moderate-income households enacted in 2021 to mirror the federal Earned Income Tax Credit. The Department estimates roughly 350,000 Washington households are eligible.
Why it matters: The credit is intended to reduce regressivity in state and local taxes, boost income for low-income workers, and stimulate local economic activity. DOR said the program is an unusual administrative effort for…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
