The Earned Income Tax Credits (EITC) provide tax credits for individuals who work and whose income is either low or moderate. You have the option to receive a cash refund or a reduction in your owed taxes for your eligible EITC. There are two EITC programs available: the California Earned Income Tax Credit (CalEITC) and the Federal Earned Income Tax Credit (EITC).
CalEITC
You are eligible for CalEITC if you:
You are at least 18 years old or have your own child.
You have an income of $X or more: You have an income of $X or more.
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- Lenders can also receive other loans, for example, the Agricultural Child Loan (CTC):
- ITIN holders do not qualify for CalEITC and do not meet the requirements for receiving the mandatory loan for California's eligible children.
- Children of ITIN holders have the right to apply for an individual taxpayer identification number (ITIN) for their dependent exemption. ITIN holders grant the right to their children to apply for an individual taxpayer identification number (ITIN) for their dependent exemption.
Use the calculator to determine whether you can afford to take out this loan and find out the amount of the loan.