Washington DOR Publishes Advisory on Working Families Tax Credit

The Washington Department of Revenue (DOR) published an excise tax advisory providing guidance on the Working Families Tax Credit (WFTC). The advisory contains the inflation adjusted WFTC refund amounts and the percentage rate of WFTC refund reductions for those above the reduced federal income threshold. The advisory demonstrates how WFTC refund amount adjustments are calculated, WFTC refund reduction percentages, and annual WFTC refund reduction percentage amounts. [Wash. Dep’t of Revenue, ETA 3240.2026, 01/05/25]

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