How To Calculate Benefits

Do you qualify for Earned Income Tax Credits?  Use the link to see if you qualify for California’s Earned Income Tax Credit and the Federal Earned Income Tax Credit to see if you qualify and how much money you may get.

Use the chart below or click on the links to see how much you may get when you file your 2021 tax return.

2021 CAlEITC credit chart.JPG

USE FTB CALCULATOR
IRS CALCULATOR

 

California EITC

If you at least 18 years old, lived in California for at least half of the year, have a valid social security number or individual taxpayer identification number for you, your spouse and children and have earned $1-30K through taxable income such as wages or self-employment or taxable interest paid to you, you may qualify for California’s Earned Income Tax Credit.  This refundable tax credit will either lower the taxes you may owe or give you a bigger refund.  You may qualify for a larger tax refund if you have a child under 6 years old.  ITIN holders also qualify for the credit.

NEW THIS YEAR:

A spouse/Registered Domestic Partner can claim CalEITC if married, not filing a joint return for the taxable year, had a qualifying child who lived with the spouse/RDP for more than half of the tax year, and either of the following applies:

  • The spouse/RDP lived apart from their spouse or partner for the last 6 months of the year or

  • The spouse/RDP is legally separated according to state law under a written separation agreement or a decree of separate maintenance and did not live in the same household as their spouse or partner at the end of the year.

         

Federal EITC

If you earned $1-59K through taxable income such as wages, self-employment or taxable interest paid to you and you and your family if married are a United States Citizen, you may qualify for up to $6935 the Federal Earned Income Tax Credit.  Want a bigger refund and have kids? If you have a child under 18 or your child is in college and is under the age of 24 you may qualify for up to $1000 per child in addition to the income credit you receive for your income.

For 2020 and 2021 tax returns, you can also choose to use your 2019 earned income to figure your 2021 earned income credit if your 2019 earned income is more than their 2021 earned income which may help you get a larger credit. 

You must be a United States citizen to qualify for the Federal Earned Income Credit.

2022 CAlEITC credit chart.JPG