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  • Wi Form 634 Instruction 2022

Get Wi Form 634 Instruction 2022-2026

Wisconsin Department of Safety and Professional Services Mail To: Fax #: Phone #:P.O. Box 8935 Madison, WI 537088935 (608) 2513036 (608) 2662112Office Location:4822 Madison Yards Way Madison, WI 53705.

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The Wisconsin earned income credit is a special tax benefit for certain working individuals and families with at least one qualifying child.

Schedule HR-5 is used by persons to claim all five years of the supplement to the federal historic rehabilitation tax credit for the purpose of selling or transferring the credit.

Wisconsin Schedule R is used to compute the refundable and nonrefundable portions of the credit, and any unused nonrefundable amounts may be carried forward for up to 15 years.

For workers with one qualifying child, the Wisconsin EIC is 4% of the federal EIC. Thus, the maximum amount of the Wisconsin credit in 2022 is $149. For workers with two qualifying children, the Wisconsin EIC equals 11% of the federal EIC. Thus, the maximum amount of the Wisconsin credit in 2022 is $678.

You may be eligible to receive up to $3,000 per dependent child aged 6-17 and $3,600 per child younger than 6. This tax credit directly reduces the amount of income tax you owe and was made fully refundable for 2021. In 2021, half the total credit amount was available to receive in monthly advance payments.

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