Modeled after the Federal EITC, the Program Offers Refunds up to $13,000
Eligibility Based on Income, Targeting Low-Income Residents with Young Children
According to The U.S. Sun, Oregon recently started a child tax credit program to help families struggling with money. It works like the federal earned income tax credit (EITC). If you qualify you could get more than $13,000 in total refunds. The program is for Oregon residents with low incomes and young kids. It’s based on how much money you make with a maximum benefit of $5,000. Even if you earn less than $30,000 you can still get some help.
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Oregon’s Child Tax Credit Program – Providing Support for Families in Need
To qualify you must live in Oregon and have kids. The Child Tax Credit Program targets people with incomes up to $63,398. The more kids you have the more help you can get. It’s part of Oregon’s effort to help families in tough times. By offering tax credits the state wants to ease financial stress for people who need it most. Oregon’s child tax credit program is part of a bigger plan to help those facing money problems. It’s a way to support families and reduce disparities in the state. By providing targeted assistance Oregon aims to ensure financial stability for all its residents.