Californians who filed 2023 tax returns and meet certain rules are getting the California Earned Income Tax Credit (CalEITC), with eligible families earning less than $30,950 and having three or more children receiving up to $3,529.
Eligible Californians Receive Up to $3,529 in Refundable Credits from 2023 California Earned Income Tax Credit
According to the published article in the US Sun News, Californians who filed their 2023 tax returns are now receiving refundable credits through the California Earned Income Tax Credit (CalEITC). This credit assists those who meet specific criteria: being at least 18 years old or having a child, having earned income between $1 and $30,950, possessing a valid Social Security Number or Individual Taxpayer Identification Number, residing in California for at least half the year, not being a qualifying child, and not being claimed as a dependent.
The amount of money you get from the California Earned Income Tax Credit depends on how much you earn and how many children you have. If you have three or more children and make less than $30,950, you can get the maximum credit of $3,529. This system helps make sure that families with the lowest incomes get the most help.
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$3,529: California’s 2023 California Earned Income Tax Credit Now Available to Eligible Taxpayers – Claim It Now! (PHOTO: CSET)
California Earned Income Tax Credit Aims to Ease Financial Burden on Working Families and Support Low-Income Communities
Furthermore, California‘s goal with these credits is to lessen the financial load on working families and individuals. The California Earned Income Tax Credit is part of the state’s larger plan to help residents with the high cost of living and to support low-income communities.
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