Oregon Administrative Rules
Chapter 461 - DEPARTMENT OF HUMAN SERVICES, SELF-SUFFICIENCY PROGRAMS
Division 145 - TREATMENTS OF SPECIFIC ASSETS
Section 461-145-0140 - Earned Income Tax Credit (EITC) and Child Tax Credit
Universal Citation: OR Admin Rules 461-145-0140
Current through Register Vol. 63, No. 3, March 1, 2024
(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.
Statutory/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
Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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