FINANCE

How much is the EITC in California for 2024?

Residents of California with low income may qualify for the Earned Income Tax Credit. What is the maximum credit amount for eligible taxpayers?

In addition to the Federal Earned Income Tax Credit which can be claimed by taxpayers who had an income under $63,398 in 2023, as well as investment income that is no greater than $11,000.

The California Earned Income Tax Credit (CalEITC) program provides support for low-income working residents of California. The program aims to reduce the income tax burden and help eligible workers receive tax refunds. Families or individuals with a yearly income of up to $30,950 may qualify for CalEITC up to $3,529 for the tax year 2023. The amount of credit you can receive will depend on your income and family size.

Here is the list of qualifications required during the 2022 tax year to avail of CalEITC.

  • Must be at least 18 years old or have a qualifying child
  • Earned income of at least $1 and not more than $30,000
  • A valid Social Security Number or Individual Taxpayer Identification Number for the applicant, the applicant’s spouse, and qualifying children
  • California residency for more than half the tax year
  • Must not be eligible to be claimed as a qualifying child of another taxpayer
  • Must not be eligible to be claimed as a dependent of another taxpayer, unless you have a qualifying child

To determine your potential earnings on your 2022 tax return, you can utilize the EITC calculator provided by the California Franchise Tax Board.

Number of Children CAL EITC Max Income  CALEITC Max Credit (up to)
None $30,950 $285
1 $30,950 $1,900
2 $30,950 $3,137
3+ $30,950 $3,529
Source: California Franchise Tax Board 

Claiming your CalEITC

To claim the California Earned Income Tax Credit (CalEITC), you must file a state tax return.

Residents can file their taxes directly with the state government using the free CalFile application provided by the California Franchise Tax Board.

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