CNS News– California people who are eligible can get a one-time tax rebate of up to $12,076. However, this money will only go into their account if they are also eligible for benefits from the three programs below:
- The Earned Income Tax Credit (CaIEITC) in California: If a family or individual in California makes $30,950 or less a year, this deal helps them and gives them $3,529 for the tax year 2023.
- This is the Young Child Tax Credit (YCTC): California families with an income of $30,931 or less, a qualifying child under 6 years old at the end of the tax year, and who apply for the CaIEITC can get up to $1,117 per eligible tax return.
- It’s called the Federal Earned Income Tax Credit: This offer is only for people who are eligible and whose main taxpayer and spouse are present or former foster youth who were placed in the California foster care system at least 13 years old. People who take advantage of this deal will get up to $1,117 or $2,234.
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When people file their state taxes, they can get the CaIEITC, YCTC, and FYTC. To get the federal EITC, they must also file a federal tax return with the IRS.