Section Tax 2.07 - Earned income tax credit(1) CRITERIA FOR PROVIDING INFORMATION. The department has established the following criteria regarding the dissemination of information to the public concerning the federal and Wisconsin earned income tax credits: (a) Disseminate information to potential claimants in the most cost-effective manner possible.(b) Disseminate information to the public through multiple channels to increase the probability that potential claimants will become aware of the earned income tax credits.(c) Utilize volunteer tax preparers and community-based organizations that have personal contact with potential claimants, to provide earned income tax credit information and assistance.(d) Clarify the relationship between federal and Wisconsin earned income tax credits and coordinate outreach efforts with the internal revenue service, or "IRS."(e) Provide sufficient information to allow potential claimants to self-evaluate their eligibility for the earned income tax credits.(f) Provide convenient ways for potential claimants to obtain additional information, assistance and forms.(2) METHODS OF PROVIDING INFORMATION. Methods the department uses to disseminate information to the public concerning the federal and Wisconsin earned income tax credits include the following: (a) Produce an informational flyer, distribute copies through appropriate organizations having regular contact with potential earned income tax credit claimants throughout the state, and have additional copies available for distribution upon request. Example: Copies of the informational flyer may be distributed to members of the Wisconsin legislature or to various sites such as municipal buildings, community agencies, or job service centers.
(b) In conjunction with the IRS, when training volunteers who provide free tax-filing assistance throughout Wisconsin, include training to identify potential earned income tax credit claimants and to assist them in claiming both the federal and Wisconsin credits.(c) Highlight the Wisconsin earned income tax credit in the Wisconsin individual income tax and homestead credit booklets.(e) Work with the IRS in providing joint efforts to publicize both the federal and Wisconsin earned income tax credits.(f) Annually produce a report summarizing the level of participation in and level of benefits provided by the earned income tax credit program.(g) Work with other state agencies, public utilities, and other organizations to distribute information about the federal and Wisconsin earned income tax credit programs.Wis. Admin. Code Department of Revenue Tax 2.07
Cr. Register, November, 1993, No. 455, eff. 12-1-93.Amended by, correction made (2) (g) (Note [1]) under s. 13.92(4) (b), Stats., Register September 2020 No. 777, eff. 10/1/2020Amended by, CR 21-085: r. (2) (d) Register August 2022 No. 800, eff. 9/1/2022 The federal earned income tax credit, provided under section 32 of the Internal Revenue Code, is available to eligible individuals and married couples filing a joint income tax return. The federal credit is computed based on the amount of adjusted gross income or earned income, and whether the individual or couple had no qualifying child, one qualifying child, or two or more qualifying children.
The Wisconsin earned income tax credit is available under s. 71.07(9e), Stats., to full-year Wisconsin residents who are eligible to claim the federal earned income tax credit. The Wisconsin credit is computed as a percentage of the federal basic credit, dependent upon whether the individual or couple have one qualifying child, two qualifying children, or three or more qualifying children.
Section Tax 2.07 interprets ss. 71.07(9e) and 73.03(48), Stats.