Tax Resources
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Who qualifies for the Earned Income Tax Credit (EITC)
Basic qualifying rules
To qualify for the EITC, you must:
Have worked and earned income under $63,398
Have investment income below $11,000 in the tax year 2023
Have a valid Social Security number by the due date of your 2023 return (including extensions)
Be a U.S. citizen or a resident alien all year
Not file Form 2555, Foreign Earned Income
Meet certain rules if you are separated from your spouse and not filing a joint tax return
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https://www.ftb.ca.gov/file/personal/credits/california-earned-income-tax-credit.html
You may be eligible for a California Earned Income Tax Credit (CalEITC) up to $3,529 for tax year 2023 as a working family or individual earning up to $30,950 per year.
You must claim the credit on the 2023 FTB 3514 form, California Earned Income Tax Credit, or if you e-file follow your software’s instructions. Generally, you may claim CalEITC to receive a refund for up to four prior years prior by filing or amending your state income tax return.
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https://www.irs.gov/credits-deductions/individuals/child-tax-credit
Who qualifies
You can claim the Child Tax Credit for each qualifying child who has a Social Security number that is valid for employment in the United States.
To be a qualifying child for the 2023 tax year, your dependent generally must:
Be under age 17 at the end of the year
Be your son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of one of these (for example, a grandchild, niece or nephew)
Provide no more than half of their own financial support during the year
Have lived with you for more than half the year
Be properly claimed as your dependent on your tax return
Not file a joint return with their spouse for the tax year or file it only to claim a refund of withheld income tax or estimated tax paid
Have been a U.S. citizen, U.S. national or U.S. resident alien
You qualify for the full amount of the 2023 Child Tax Credit for each qualifying child if you meet all eligibility factors and your annual income is not more than $200,000 ($400,000 if filing a joint return).
Parents and guardians with higher incomes may be eligible to claim a partial credit.
Use our Interactive Tax Assistant to check if you qualify.
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https://www.caleitc4me.org/young-child-tax-credit/
If you qualify for CalEITC and have a child under the age of 6, you may also qualify for a refundable tax credit of up to $1,117 through the Young Child Tax Credit (YCTC)! If you qualify, you may see a reduced tax bill or a bigger refund.
Filing your state tax return is required to claim both the CalEITC and the YCTC. Tax filers with an ITIN – Individual Tax Identification Number – including undocumented workers, may now qualify for the CalEITC and the Young Child Tax Credit (YCTC).
*Qualifying children must be under 6 years of age as of December 31, 2023.
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https://www.ftb.ca.gov/file/personal/credits/foster-youth-tax-credit.html
For tax year 2023, the Foster Youth Tax Credit (FYTC) provides up to $1,117 per eligible individual or up to $2,234 if both primary taxpayer and spouse/RDP qualify. FYTC may provide you with cash back or reduce any tax you owe.
Current and former foster youth must meet all of the following requirements:
Qualify for the California Earned Income Tax Credit (CalEITC)
Were ages 18 to 25 at the end of the tax year
Were in foster care at age 13 or older and placed through the California foster care system
Claim the credit on the 2023 FTB 3514 form, California Earned Income Tax Credit, or follow the instructions on your tax software
Satisfy foster care verification requirement
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