Information about tax credits for Wisconsin families and resources for saving on taxes.
Low and moderate income Wisconsin residents can take advantage of a variety of tax credits. These credits can bring thousands of extra dollars to individuals and families, but an estimated 20% of people who are eligible for these tax credits do not claim them every year. Here’s a breakdown by state. These credits include the […]
Tax time is upon us. View this chart about tax credits to learn about tax credits available to Wisconsin families.
The Earned Income Credit (EIC) is a tax credit for workers who earn low or moderate incomes. There are two types of Earned Income Credits: a federal credit that is claimed on your federal taxes, and a Wisconsin credit that is claimed on your state taxes. If you qualify for the EIC and file your […]
The Earned Income Credit (EITC) is a tax credit for workers who earn low or moderate incomes. There two types of Earned Income Tax Credits: a federal credit that is claimed on your federal taxes, and a Wisconsin credit that is claimed on your state taxes. If you quality for the EITC and file your […]
The Homestead Credit is a state of Wisconsin tax benefit for renters and homeowners with low or moderate incomes. It is designed to lessen the impact of rent and property taxes. People who do not file Wisconsin state income taxes may still be eligible to claim the Homestead Credit. Am I Eligible for the Wisconsin […]
As you probably know, almost everyone with an income needs to file a tax return. You may be dreading tax time because you’re afraid that you owe money to the Internal Revenue Service (IRS) or the state. But, it’s just as likely that you’ll be getting a refund!
