01/28/2025
🚨 Attention, Tax preparers! 🚨 Certain STATES are offering extra tax credits this year, and you won’t want to miss out! 💰💸 Here’s the scoop on what you need to know to get those savings rolling in:
💡 Claim Your Benefits Early!
These credits can mean THOUSANDS back in your pocket. Here are the highlights by state:
Hawaii
💰 EITC Expansion: Max credit of $220 per exemption for low-income families.
California
💰 Young Child Tax Credit: Up to $1,117 per child under 6 for qualifying families.
Minnesota
💰 Child Tax Credit: Up to $1,750 per child (+ there’s a working family credit!).
Washington
💰 Working Families Tax Credit: Refundable credit of $50 to $1,255 based on family size.
Oregon
💰 Child Tax Credit: $1,000 per child under 6!
New York
💰 Empire State Child Credit: Either $100 per child or 33% of federal CTC (for kids under 17).
Missouri
💰 Working Family Tax Credit: 20% of federal EITC for many!
Michigan
💰 New EITC match of 30%, boosting average refunds by $550.
Massachusetts
💰 Child Tax Credit: Refundable credit of $180 per dependent - no cap!
Maryland
💰 Child Tax Credit: Refundable credit of $500 per child under 6.
Connecticut
💰 EITC: State match increased to 40% of federal EITC!
Colorado
💰 Child Tax Credit: Up to $1,200 per child under 6 based on income!
New Mexico
💰 Child Income Tax Credit: $25 to $600 per child, depending on income.
Illinois
💰 Child Tax Credit: 20% of the state’s EITC, increasing to 40% in 2025!
New Jersey
💰 Child Tax Credit: Refundable credit ranging from $200 to $1,000 per child under 6.
⚠️ Important: If you're preparing taxes in Oregon, Maryland, Massachusetts, New York, Iowa, or California—make sure you have the required certifications for professional practice in those states. 📝✨
Stay informed, stay certified, and let’s maximize those refunds! 💪💼
Send a message to learn more
