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How Do I Get My Wisconsin Child Tax Rebate?

How Do I Get My Wisconsin Child Tax Rebate?

May 15, 2018 | Blog

What is the WI Child Tax Rebate?

In 2017 the state of Wisconsin recognized a surplus in revenue of almost $400 million. The Walker Administration and the State Legislature opted to return a portion of that to Wisconsin residents in the form of a Wisconsin Child Sales Tax Rebate. The rebate is $100 per qualifying child.

What Are Considered Eligible Children?

Children must be under 18 as of December 31, 2017, and must be claimed as dependents as described in IRS Publication 501. The child must have been a Wisconsin resident and a United State citizen as of 12/31/2017.

How Do I File?

A “claimant” files the paperwork to receive the credit (in most cases, a parent or guardian). You will need to file on the State of Wisconsin Department of Revenue website.

What Should I Know?

Helpful hints:

  • You will need your spouse’s social security number if you are married.
  • You will also need your children’s dates of birth and social security numbers.
  • Should you want to receive the funds electronically, you will need to provide routing and account information for your bank.
  • The site when we went in and filed for the tax credit indicated that it will take about 3 weeks to process the credit.
  • The end date for filing is July 2, 2018, and you must file to receive the credit.

Important Note

Please note that we are not tax advisors and you should seek out the advice of a professional should you have questions or a complex situation. The Department of Revenue website referenced above does contain some basic information on the rebate and eligibility.

Walkner Condon Financial Advisors is a registered investment advisor with the SEC and the opinions expressed by Walkner Condon Financial Advisors and its advisors in this piece are their own. Registration with the SEC does not imply a certain level of skill or training. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.

Information presented in this piece is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.

Information in this piece does not take into account your specific situation or objectives and is not intended as recommendations appropriate for any individual. Readers are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.