Rebate

June 6, 2018 - Published by IAG Wealth Partners

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Time is running out for Wisconsin parents to claim their 2018 Child Sales Tax Rebate. If you are a Wisconsin parent with minor children, now is the time to sign up for this rebate before the opportunity closes on July 2.

Earlier this year the Wisconsin legislature approved and the governor signed into law a bill that provides a $100 per child tax rebate for parents with qualifying children.

However, taxpayers must apply for this rebate and, naturally, there are some criteria that you must meet to qualify for this rebate:

  1. Only one $100 rebate per child
  2. The child was under age 18 as of December 31, 2017
  3. You claimed the child as a dependent on your 2017 tax return
  4. The child was a U.S. citizen and resident of Wisconsin as of December 31, 2017

If you believe you qualify for this rebate you have until July 2, 2018 to apply for it. If you have Wisconsin grandchildren, you may also wish to remind their parents to apply for this rebate by forwarding this blog to them.

Applications are only taken online at http://childtaxrebate.wi.gov/ or by calling 608-266-5437.

For answers to frequently asked questions about the sales tax rebate, please visit the State of Wisconsin’s Child Tax Rebate Common Questions website.

There are no exceptions to the July 2 deadline, so spend a few minutes to claim your rebate today.

Quote of the Week:
Winston Churchill: “We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”


Securities offered through LPL Financial. Member FINRA/SIPC. Investment advice offered through IAG Wealth Partners, LLC, (IAG) a registered investment advisor and separate entity from LPL Financial.

Any opinions are those of IAG and not necessarily those of LPL Financial. Expressions of opinion are as of this date and are subject to change without notice. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein

Changes in tax laws may occur at any time and could have a substantial impact upon each person’s situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of LPL Financial we are not qualified to render advice on tax or legal matters.

The information contained in this blog does not purport to be a complete description of the topics referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete.

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