461-145-0140 Effective 10/01/17
Earned Income Tax Credit (EITC)There are federal and state earned income tax credit (EITC) programs for low-income families.
- An EITC may be received in one of two ways:
- As one annual payment received at the time of the normal income tax returns.
- As an advance in the employee's paycheck.
- 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.
Stat. Auth.: ORS 329A.500, 409.050, 411.060, 411.404, 411.706, 411.816, 412.049, 413.085, 414.231, 414.685
Stats. Implemented: ORS 329A.500, 4090.010, 411.060, 411.083, 411.404, 411.706, 411.816, 412.049, 414.231