Tax credits can reduce your tax bill

April 1, 2010

By Jon Richards, 19th District State Representative

As the income tax deadline draws near, please make use of ways to make this time of year less difficult. The state of Wisconsin has assistance available to those having difficulty completing their 2009 taxes.

The deadline for completing your 2009 taxes is April 15, 2010. Extensions are available for those who cannot meet this deadline. Please contact the Wisconsin Department of Revenue at (608) 266-8641 or visit their website at revenue.wi.gov. For information regarding federal tax returns, visit the U.S. Internal Revenue Service website at irs.gov.

Be sure to reduce your tax burden by taking advantage of tax credits offered by the state of Wisconsin. Wisconsin offers the Earned Income Tax Credit. If you qualify, your family could receive a combined state and federal tax credit of $8,090 if you have three or more children, $5,732 if you have two children, and $3,165 if you have one child. To qualify, your income must not exceed $48,279 and you must have been a legal Wisconsin resident for the duration of 2009.

You might also be eligible for the Wisconsin Homestead Credit. If you qualify, you could receive up to $1,160 in tax credits. In order to qualify for the Homestead Credit, you must be a legal Wisconsin resident, over the age of 18, your 2009 income must be less than $24,500 and you must have owned or rented your homestead for all of 2009.

Be sure to mention these tax incentive programs to your tax preparer or contact the Wisconsin Department of Revenue if you have any questions. Also, please feel free to contact my office at (888) 534-0019 if you would like information about free preparation services in and around Bay View. Please make use of these ways to make this time of year a little less difficult.

Jon Richards is the state representative for Wisconsin’s 19th state Assembly District, which includes Bay View, the Third Ward, eastern downtown, and the East Side. His website is jonrichards.org. He can be reached at (888) 534-0019 or rep.richards@legis.wi.gov.

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