The Earned Income Tax Credits (EITC) are tax credits for individuals who work and have earned low to moderate incomes. You may qualify to receive a cash refund or reduce the amount of taxes you owe. There are two EITCs: the California Earned Income Tax Credit (CalEITC) and the federal Earned Income Tax Credit (EITC).
CalEITC
You may be eligible for the CalEITC if: You may qualify for the CalEITC if:
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This person is at least 18 years old or has a child who is eligible for the program. This individual is either 18 years of age or older, or has a child who meets the eligibility criteria.
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He has earned an income of $30,950 or less
Nota
- ITIN holders are only eligible for the state CalEITC and YCTC, not the federal EITC or CTC.
- As a parent, you may also be eligible for other credits such as the federal Child Tax Credit (CTC).
EITC federal
The Earned Income Tax Credit (EITC) is a tax credit that can either give you money back during tax season or reduce the federal taxes you owe. You can claim the credit whether you are single or married, and whether or not you have children. The main requirement is that you must earn money from working. The EITC is a federal tax credit for working individuals who have earned low to moderate incomes. Unlike CalEITC, only individuals with Social Security numbers qualify. If you are eligible, you may see a reduction in your tax bill or a higher refund. That is more money in your pocket to pay for the things you need.
Learn more about the federal EITC. aquí. Please take note that the federal EITC has Please take note that the federal EITC has. reglas especialesfor military members, clergy, and certain individuals with disabilities.
You qualify for the federal EITC if: You meet the eligibility criteria for the federal EITC.
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If you (or your spouse if filing jointly) are at least 19 years old or older; and you (or your spouse if filing jointly) are at least 19 years old or older; and
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You (or your spouse if filing a joint return) and any qualifying child have a Social Security number; And You (or your spouse if filing a joint return) and any qualifying child have a Social Security number; And
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You (and your spouse if filing a joint return) have your main residence in the United States for more than half of the tax year; And You (and your spouse if filing a joint return) have your primary residence in the United States for more than half of the tax year; And
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You (and your spouse if you file a joint return) cannot be claimed as a dependent or a qualifying child on someone else's tax return; and You (and your spouse if you file a joint return) cannot be claimed as a dependent or a qualifying child on someone else's tax return; and
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You are not an unmarried individual filing separate tax returns; and You are not an unmarried individual filing separate tax returns; and
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Su ingreso de inversiones del año fiscal es igual o inferior a $3,650; y su ingreso de inversiones del año fiscal es de $3,650 o menos.
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You earned at least $1 in income and no more than: You earned at least $1 in income and no more than:
The Tax Credit for Earned Income in Fiscal Year 2023
Was I eligible last year? Was I eligible last year?
Did you know that you can amend tax returns up to three years ago if you discover that you are eligible for tax credits that you originally didn't claim? You can still receive this refundable credit.
First, review the table below to see if you may be eligible and how much you could have qualified for in 2022. However, make sure to review the table below first to determine your eligibility and potential qualifications for 2022.
Investment income limit: $10,300 or less