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Are you a Wisconsin resident with a child under 18 whom you claim as a dependent on your tax return? If so, you may be entitled to a $100 rebate per child from the Wisconsin Department of Revenue.
Due to sound fiscal management and a strong economy, Wisconsin has a state budget surplus of almost $400 million. The Governor and State Legislature have determined that some of the surplus be returned to taxpayers in the form of a Child Sales Tax Rebate. This is a $100 rebate for sales and use tax paid on purchases made for raising a dependent child in 2017.
The filing deadline to claim this rebate is July 2, 2018.
o Child is under age 18 on December 31, 2017
o Child was claimed as a dependent for tax year 2017
o Child was a Wisconsin resident on 12/31/17
o Child is a US citizen
o Social Security number
o Date of birth
o Wisconsin residency for tax year 2017
o Marriage status (Y/N) as of December 31, 2017
If you have any questions or would like assistance in filing a claim for the rebate, please feel free to contact a member of your Porte Brown advisory team at 847-956-1040.
*Securities offered through 1st Global Capital Corp. Member FINRA, SIPC. Investment advisory services offered through 1st Global Advisors, Inc. We currently have individuals licensed to offer securities in the states of AL, AZ, CA, CO, CT, FL, GA, HI, ID, IL, IN, KY, MI, MS, MO, NV, NJ, NC, OH, RI, TN, TX, WA, WV and WI. This is not an offer to sell securities in any other state or jurisdiction.