Q: I understand that the California Earned Income Tax Credit was expanded last year and that it is now available to transition-age youth, age 18 to 21, regardless of their parenting status. Is there a minimum amount that a youth has to earn to qualify for the CalEITC? What materials are available to share with youth in my county?
A: Yes, the California EITC (CalEITC) was expanded from $400 million to $1 billion annually in the 2019-20 budget. This expansion made the following changes:
- Expanded eligibility to families that earn up to $30,000 annually;
- Increased the maximum credit to $2,982 for CalEITC, plus a maximum credit of $6,557 for federal EITC
- Added a Young Child Tax Credit, which is an additional credit of up to $1,000 for tax filers who meet CalEITC requirements and have a child under six years old by the end of the year.
The California Franchise Tax Board has updated its materials for the 2019 tax year. To download the updated materials, follow this LINK.
John Burton Advocates for Youth will host a website on strategies to help transition-age youth access the CalEITC on January 30, 2020 from 10:00 a.m. to 11:30 a.m. To register, follow this LINK.