Washington HB2025 increases the working families' tax credit to reflect economic impact of property taxes on renters.

Washington HB2025 amends the working families' tax credit to better reflect the economic impact of property taxes on residential tenants. The bill increases the credit amount based on the number of qualifying children and adjusts the credit for inflation annually starting in 2024. It also provides an additional $300 credit for eligible renters who leased or rented their primary residence in Washington for at least 183 days during the year.

Washington HB2025 increases the working families' tax credit to reflect economic impact of property taxes on renters.

Washington HB2025 amends the working families' tax credit to better reflect the economic impact of property taxes on residential tenants. The bill increases the credit amount based on the number of qualifying children and adjusts the credit for inflation annually starting in 2024. It also provides an additional $300 credit for eligible renters who leased or rented their primary residence in Washington for at least 183 days during the year.