The Earned Income Tax Credit is a federal and state tax credit for people making up to $63,698 a year and can give families up to $7,430 back when they file taxes. Many Oregonians are missing out on this money because they simply don’t know about it, or because they aren’t filing taxes at all.
Check if you qualify for this tax credit
You can
click here for general eligibility information or check out the federal limits listed below. Even if you’re not required to file taxes because of your income level, you may be able to get a refund on taxes you did pay during the year or through credits like the Earned Income Tax Credit.
All Oregon employers are required to notify their employees about the Earned Income Tax Credit.
At a minimum, that means providing employees with written notice along with their Form W-2 each year. The notice needs to include the websites on EITC from the Oregon Department of Revenue and the IRS.
ORS 652.755;
OAR 839-020-0087.
Sample text employers can send to employees that meet the requirements:
Hundreds of thousands of Oregonians are eligible for the Earned Income Tax Credit but don’t know it – and could be missing out on a tax credit of up to $7,430.
DO I QUALIFY FOR THIS TAX CREDIT?
If your income was less than $63,698 in 2023, you may be able to get this refund.
Or check our the federal limits on the EITC for tax year 2023:
Children or Relatives
Claimed |
Maximum AGI
(filing as Single, Head of Household, Widowed or Married Filing Separately) |
Maximum AGI
(filing as Married Filing Jointly) |
Maximum Credit |
Zero
| $17,640
| $24,210
| $600
|
One
| $46,560
| $53,120
| $3,995
|
Two
| $52,918
| $59,478
| $6,604
|
| Three | $56,838
| $63,698
| $7,430
|
** Investment income must be $11,000 or less for 2023.
- What if I didn’t make much money last year – do I still need to file taxes?
Even if you’re not required to file taxes based on your income level, you may be able to get a refund on taxes you paid during the year or through credits such as the Earned Income Tax Credit!
Learn more about how to apply for this tax credit here:
https://www.eitcoutreach.org/tax-credits/earned-income-tax-credit