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Washington State's Working Families Tax Credit
Taxes

WASHINGTON STATE'S WORKING FAMILIES TAX CREDIT

This webinar is for practitioners who are based in or have clients based in Washington State.
Cost Free
Presentation Length 1.0 hour

Recorded DateJanuary 30, 2024
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Who Should AttendCPA - small firm
CPA - medium firm
Nonprofit Professional
Small Business Owner
Course Description

This course covers the basics of Washington State's Working Families Tax Credit. The credit is a refund of retail sales tax for eligible Washington residents, and many of its requirements are based on the eligibility requirements for the federal Earned Income Tax Credit (EITC).

Attendees of this webinar will receive an overview of the program, an understanding of the application process, who is eligible, and everything they need to complete an application.

Learning Objectives:


  • Define the Washington State Working Families Tax Credit

  • List the eligibility requirements for the Washington State Working Families Tax Credit

  • Outline how a person can apply

  • Evaluate which tax preparation software supports the credit application

  • Recognize what to expect after the application is submitted

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
Linkedin

Katie Koontz

Washington State Department of Revenue - Working Families Tax Credit Devision
Program Coordinator & Manager, Tax Credit Administration Unit
katieko@dor.wa.gov
(360) 763-7104

Workingfamiliestaxcreditdivision

Katie Koontz is a Program Coordinator for the Department of Revenue’s Working Families Tax Credit (WFTC) Division. Katie manages the unit responsible for processing WFTC applications. She has been with the Department of Revenue for 9 years. Katie has Bachelor’s Degree in Business Administration from Pacific Lutheran University, and a Master’s Degree in Law from the University of St. Thomas.

About Our Presenter

Workingfamiliestaxcreditdivision

Starting in 2023, the Working Families Tax Credit is a tax refund that helps Washington workers and their families get more money back at tax time. The refund returns a portion of sales tax paid each year and is modeled after the federal Earned Income Tax Credit program. The purpose of the Working Families Tax Credit is to stimulate the local economy, promote racial equity, and support the financial stability and well-being of low-to-moderate income Washington residents and their families. This credit program is managed by the Washington State Department of Revenue (DOR), the state’s tax administration agency.