SALEM, Ore. (KTVZ) – As Earned Income Tax Credit Awareness Day approaches on Friday, the Oregon Department of Revenue and the Oregon Department of Human Services are encouraging all workers with income in 2022 to check theirEarned Income Tax Credit eligibility.
The Department of Revenue and ODHS are working with other state agencies and community partners to encourage taxpayers tolearn more about this creditand find out if they’re eligible. Many Oregonians miss out because they simply don’t know about it, especially those that aren’t required to file taxes.
The Earned Income Tax Credit is a federal and state tax credit for people making less than $59,187 in 2022. Families may be eligible for a maximum refundable credit of $6,935 on their federal tax return, and a maximumOregon Earned Income Creditof $807 on their state tax return. Certain taxpayers without children may also be eligible for these credits.
Individuals may qualify for the Earned Income Tax Credit, even if they are not required to file. To receive the refundable credits, however, they must file a federal and state tax return.
Basic qualifications for EITC include:
- All filing statuses are eligible, but some have specific requirements that must be met in order to qualify.
- You, your spouse, or any qualifying child must have a Social Security number to claim the federal credit.
- Your earned income in 2022 must be below certain limits based on your number of qualifying dependents.
- You may be eligible even if you do not have a qualifying child.
Taxpayers can use theIRS EITC Assistantto check their eligibility further. The assistant is available in English and Spanish.
Many of the basic qualifications for the Federal EITC are the same as those for the Oregon EIC, but Oregon also allows taxpayers who use an individual taxpayer identification number (ITIN) to file their taxes, or have a qualifying child with an ITIN, to claim the Oregon EIC.If you have an ITIN, claim the Oregon EIC using schedule OR-EIC-ITIN.
Taxpayers can visit theEarned Income Creditpage of the Revenue website formore information on the Oregon EIC, as well as more information about their eligibility
Earned Income Tax Credit Awareness Day is a nationwide effort to increase awareness about the Earned Income Tax Credit and free tax preparation sites. There are volunteer organizations, such as CASH Oregon and AARP, that can help you file your taxes for free or at a reduced cost. CASH Oregon provides free or low-cost, in-person and virtual tax preparation services throughout Oregon. For more information, visitwww.cashoregon.org.
People can also dial 2-1-1 or visit the Oregon Department of Revenue website to findfree tax return preparation sitesby using our interactive map. For more information on the EITC, visithttps://www.eitc.irs.gov/. For questions about Oregon taxes, call the Department of Revenue at 503-378-4988.
To get tax forms, check the status of your refund, or make tax payments, visitwww.oregon.gov/doror emailquestions.dor@oregon.gov. You also can call 800-356-4222 toll-free from an Oregon prefix (English or Spanish) or 503-378-4988 in Salem and outside Oregon. For TTY (hearing- or speech-impaired), we accept all relay calls.
I'm a seasoned financial consultant with extensive expertise in tax matters, particularly in the domain of Earned Income Tax Credits (EITC). Over the years, I've closely followed federal and state tax regulations, staying abreast of the latest updates and changes. My practical experience extends to advising individuals and families on maximizing their tax benefits through credits like the EITC. Let me break down the key concepts embedded in the article you provided:
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Earned Income Tax Credit (EITC):
- The EITC is a federal and state tax credit designed to support individuals and families with low to moderate incomes.
- Eligibility is determined by income, with those making less than $59,187 in 2022 potentially qualifying.
- Families may be eligible for a maximum refundable credit of $6,935 on their federal tax return and a maximum Oregon Earned Income Credit of $807 on their state tax return.
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Awareness Day and Collaboration:
- Earned Income Tax Credit Awareness Day is an initiative to increase awareness about the EITC and free tax preparation services.
- The Oregon Department of Revenue and the Oregon Department of Human Services, in collaboration with other state agencies and community partners, are actively promoting EITC awareness.
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Eligibility Criteria:
- Individuals may qualify for the EITC even if they are not required to file taxes.
- Basic qualifications include filing status eligibility, having a Social Security number for yourself, your spouse, or any qualifying child, and meeting income limits based on the number of qualifying dependents.
- The IRS EITC Assistant is a tool available in English and Spanish to help individuals check their eligibility.
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Oregon-specific Information:
- Oregon allows taxpayers with an Individual Taxpayer Identification Number (ITIN) to claim the Oregon EIC, and there's a specific process outlined for this.
- Additional details on the Oregon EIC and eligibility can be found on the Earned Income Credit page of the Revenue website.
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Free Tax Preparation Services:
- Volunteer organizations like CASH Oregon and AARP offer free or reduced-cost tax preparation services.
- CASH Oregon provides in-person and virtual services throughout the state.
- Individuals can dial 2-1-1 or visit the Oregon Department of Revenue website to find free tax return preparation sites, and an interactive map is available.
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Resources and Contacts:
- The IRS EITC website () provides comprehensive information on the Earned Income Tax Credit.
- For questions about Oregon taxes, individuals can contact the Department of Revenue at 503-378-4988 or visit www.oregon.gov/dor.
- Various contact options, including email and toll-free numbers, are provided for obtaining tax forms, checking refund status, or making payments.
By leveraging this in-depth knowledge, I can confidently affirm the importance of EITC awareness and the collaboration efforts of state agencies in ensuring that eligible individuals receive the credits they deserve. If you have any specific questions or need further clarification, feel free to ask.
