Or. Admin. R. 461-145-0140
Current through Register Vol. 63, No. 8, August 1, 2024
Section 461-145-0140 - Earned Income Tax Credit (EITC) and Child Tax Credit(1) There are federal and state earned income tax credit (EITC) programs for low-income families. (a) An EITC may be claimed in one of two ways:(A) At the time an income tax return is filed with the Internal Revenue Service (IRS).(B) As an advance in the employee's paycheck.(b) The EITC is excluded from assets (see OAR 461-001-0000) in the month of receipt and then for a maximum of 12 calendar full months starting with the month following the month of receipt of the refund or payment. All funds remaining after the 12-month period are counted as a resource.(2) The Child Tax Credit is determined and administered by the IRS. (a) A Child Tax Credit may be claimed in one of two ways: (A) At the time an income tax return is filed with the IRS.(B) As monthly advance Child Tax Credit payments from the IRS.(b) The Child Tax Credit is excluded from assets in the month of receipt and then for a maximum of 12 calendar full months starting with the month following the month of receipt of the refund or payment. All funds remaining after the 12-month period are counted as a resource.Or. Admin. R. 461-145-0140
AFS 80-1989, f. 12-21-89, cert. ef. 2-1-90; AFS 30-1990, f. 12-31-90, cert. ef. 1-1-91; AFS 6-1991(Temp), f. & cert. ef. 2-8-91; AFS 13-1991, f. & cert. ef. 7-1-91; AFS 29-1994, f. 12-29-94, cert. ef. 1-1-95; AFS 10-1998, f. 6-29-98, cert. ef. 7-1-98; AFS 25-1998, f. 12-28-98, cert. ef. 1-1-99; AFS 10-2002, f. & cert. ef. 7-1-02; SSP 15-2006, f. 12-29-06, cert. ef. 1-1-07; SSP 4-2007, f. 3-30-07, cert. ef. 4-1-07; SSP 11-2010(Temp), f. & cert. ef. 4-22-10 thru 10-19-10; SSP 32-2010, f. & cert. ef. 10-1-10; SSP 42-2010(Temp), f. 12-30-10, cert. ef. 1-1-11 thru 6-30-11; SSP 17-2011, f. & cert. ef. 7-1-11; SSP 44-2016, f. 12-7-16, cert. ef. 1/1/2017; SSP 23-2017, f. 9-11-17, cert. ef. 10/1/2017; SSP 35-2021, temporary amend filed 06/29/2021, effective 7/5/2021 through 12/31/2021; SSP 1-2022, temporary amend filed 01/01/2022, effective 1/1/2022 through 6/29/2022; SSP 4-2022, amend filed 01/27/2022, effective 2/18/2022Statutory/Other Authority: ORS 329A.500, 409.050, 411.060, 411.404, 411.706, 411.816, 412.049, 413.085, 414.231 & 414.685
Statutes/Other Implemented: ORS 329A.500, 4090.010, 411.060, 411.083, 411.404, 411.706, 411.816, 412.049 & 414.231