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Are you eligible for the Cal-EITC Tax Credit?

Are you eligible for the Cal-EITC Tax Credit?
Posted on 01/30/2020
Are you eligible for the Cal-EITC Tax Credit?This is an exciting year! It’s 2020, the start of a new decade. You might be surprised to hear that it’s also an exciting year for taxes here in California. What could possibly make tax season exciting, you ask?

Well this year, for the first time, the California Earned Income Tax Credit (Cal EITC) is available to all workers age 18 and older who made $30,000 in 2019. The Cal EITC is a cashback credit that can help you pay for the things you need.

On top of that, California created a NEW Young Child Tax Credit this year that could mean up to an additional $1,000 back when you file your taxes. Parents with children under age 6 qualify for the Young Child Tax Credit with the first dollar they earned in 2019!

Between the Young Child Tax Credit, the Cal EITC and the federal EITC, working families can get up to $8,000 back in their tax refund this year. Now that’s something to get excited about.

But here’s the thing: we don’t want you to lose a chunk of your refund paying to have your taxes done. Last year, more than 3 out of every 5 workers who received the Cal EITC used a paid tax preparer, costing them hundreds of dollars that should stay right in their pockets!

To find FREE tax preparation services near you visit CalEITC4Me.org or text ‘EITC’ to 555-888 for more information.

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