Taxpayers in California can receive up to $12,000 in rebates if they meet the criteria from three programs namely the California Earned Income Tax Credit (CalEITC), the Young Child Tax Credit (YCTC), and the Federal Earned Income Tax Credit.
Taxpayers in California can get up to $12,000 in rebates. (Photo: CNET)
$12,000 in Rebates for Eligible Taxpayers in California
Eligible taxpayers in California can get $12,000 in rebates if they meet the criteria under the three programs. These are the California Earned Income Tax Credit (CalEITC), the Young Child Tax Credit (YCTC), and the Federal Earned Income Tax Credit.
In a published article in The U.S. Sun, the California Franchise Tax Board initially released tips to the taxpayers on how to improve their filing experience this tax season. This includes advice on how to get a one-time tax rebate of up to $12,076.
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Details About the 3 Programs
CalEITC
Taxpayers should know that this program is offered to low-income and working Californians. They can get up to $3,529 for tax year 2023 as a working family or individual if they earn $30,950 or less per year.
Young Child Tax Credit (YCTC)
This program provides up to $1,117 per eligible tax return. Those who qualify must have an earned income of earned income of $30,931 or less. Moreover, the taxpayer must have a child under six years old at the end of the tax year and qualify for CalEITC.
Foster Youth Tax Credit (FYTC)
This program provides up to $1,117 per eligible individual or up to $2,234 if both primary taxpayer and spouse or registered domestic partner qualify.
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