Washington State is stepping up to provide financial aid to its residents with the introduction of a new economic incentive designed specifically for households within the low to moderate income bracket. This aid manifests as a tax credit, potentially offering up to $1,200 to qualifying individuals. Through this article, we aim to provide you with an in-depth understanding of this stimulus check, its objectives, and how you can access it.
The genesis of this financial aid is courtesy of the Washington State Department of Revenue (DOR). They’ve spearheaded the Working Families Tax Credit (WFTC), an innovative program that allows for a refund on the annual sales tax paid by residents.
What is the eligibility criteria for the $1,200 stimulus check in Washington State?
Based on data from official sources, this program is poised to support approximately 400,000 qualifying workers who call Washington State their home. Interim Revenue Director, John Ryser, expressed enthusiasm about the program’s launch. He shared, they are thrilled to kick off the application process for this transformative initiative, which aims to give back to our most vulnerable residents.
He further commented on the broader implications of the program, noting, The WFTC represents a significant stride in Washington’s ongoing efforts to alleviate poverty, and our department is honored to facilitate this monumental endeavor.
- Possession of a valid Social Security Number or an equivalent official identification.
- Individuals without an SSN can alternatively use the Individual Taxpayer Identification Number (ITIN).
- What is the duration of residence required for eligibility for the $1,200 stimulus check in Washington State? A residence duration in Washington State that exceeds half the year.
- You should be at least 25 years old but not older than 65.
- Eligibility extends to individuals who have a child qualifying in the year 2022.
- A tax return for the year 2022 must be filed.
- You should qualify to claim the federal Earned Income Tax Credit on the 2022 tax return.
Essential Documentation for the Application Process:
- A copy of the federal tax return you’ve submitted to the Internal Revenue Service.
- Your Social Security Number or the ITIN.
- Birthdates for all family members, encompassing your spouse and dependent children.
- A valid driver’s license or a Washington state-issued identification number.
- Your current address details.
- For those preferring direct deposit, bank routing and account numbers are mandatory.
For those in the state of Washington looking for some financial respite, this program could be the answer. Ensure you meet the eligibility criteria and have the necessary documentation on hand for a seamless application process.
Washington DOR Offers Tax Relief for Businesses and Property Owners
The Washington DOR is also establishing financial assistance to businesses and property owners facing economic challenges. This program offers support to these entities by reducing their tax burdens, thereby freeing up capital for reinvestment and economic growth.
By implementing a series of targeted tax incentives, the DOR said in a statement, the state’s government seeks to stimulate business activity, job creation, and property development. Under the Tax Relief program, eligible businesses can benefit from reduced corporate taxes, while property owners may enjoy lower property tax rates.
Specifically, the areas covered by this tax relief program are those affected by the recent wildfires, and the tax waiver is based on value lost to the fires. You can find your county assessor here. More information on disaster relief resources can be found on the official DOR website. Customer service is also available by phone at (360) 705-6705.
Options for individuals without a Social Security Number
Individuals with a spouse or qualifying dependent with a valid SSN: If you file jointly with your spouse and only one of you has a valid SSN, you can claim up to $1,400 for the spouse who has a valid SSN and up to $1,400 for each qualifying dependent claimed on the tax return. If neither spouse has a valid SSN, you can claim only up to $1,400 for each qualifying dependent claimed on the tax return. However, if either spouse is an active member of the U.S. Armed Forces at any time during the taxable year, only one spouse needs to have a valid SSN for the couple to receive up to $2,800 for themselves, plus up to $1,400 for each qualifying dependent.
Individuals with a dependent who has a valid SSN: Even if you do not have a valid SSN, you can claim up to $1,400 for each qualifying dependent claimed on your tax return if the dependent has a valid SSN, but you must meet all other eligibility and income requirements.