|July 30, 2021|
Tax credits await working families
SOUTHLAND – (INT) - An estimated 500,000 working families in California are still eligible to apply for the $220 million in tax credits available to them from the State of California through the California Earned Income Tax Credit (CalEITC) and Golden State Stimulus (GSS).
While the California Franchise Tax Board estimates more than 4 million taxpayers are eligible to receive CalEITC for the 2020 tax year, 3.5 million have applied through May 15 and received tax refunds totaling nearly $590 million. Meanwhile, there are about nearly one million people in California who earn less than $30,000 per year and are eligible for the Golden State Stimulus this year, who can still apply for the two programs to put more money into their pockets.
GSS is a one-time payment of $600 or $1,200 per tax return that is available to families who have an individual taxpayer identification number (ITIN) filer earning up to $75,000, while the the CalEITC ranges from $243 to just over $3,000 and is available to families with incomes up to $30,000. Eligible families can apply for GSS by October 15 while those eligible for CalEITC can apply and receive funds from up to four years later.
“The two programs can provide critical support to low-wage workers and families hit hard by the pandemic, especially communities of color. We encourage people to apply for the programs to receive the funds that can make a life-saving difference,” said said Nalleli Sandoval, Senior Director of Programs at United Ways of California.
Story Date: May 27, 2021