In January, you will be able to claim this tax credit of up to 300 dollars.

 The current year is already coming to an end, however, starting early next year you will be able to claim a tax credit of up to 300.00 USD in the United States. How to do it? Here we explain. If you live in the state of Arkansas, you will be able to receive this direct payment, so important in these times to face inflation. It was just last September when Governor Sarah Huckabee Sanders enacted a tax bill that reduces taxes for corporations and individual taxpayers.

“This week’s latest inflation report shows that Joe Biden’s policies continue to drive prices up. This makes this tax relief more necessary than ever,” Sanders commented. He also made it clear that “this one-time credit is non-refundable.” and to receive it you must meet several requirements. 

Eligibility requirements

If you intend to receive the aforementioned financial aid, it is essential that you meet the following eligibility requirements. 

-File an Arkansas tax return for the year 2023.

-Meet the income requirements: 89,600.00 USD annually. Individuals will receive 150.00 USD if they are single filers. Married couples filing jointly can receive up to 300.00 USD and must have income not exceeding 179,200.00 USD.

-The credit will be gradually eliminated for couples earning up to 207,200.00 USD. 

-The credit is only valid for the fiscal year 2023 and will take effect starting January 2024. Since it is non-refundable, it cannot be recovered through a tax refund. 

No son elegibles para obtener este crédito fiscal las personas que solo hayan vivido una parte del año en este estado. Tampoco cobrarán este alivio económico aquellos que no sean residentes legales de Arkansas. 

-El crédito es retroactivo al año fiscal 2023 y se podrá reclamar una vez que se presente la declaración de impuestos.