Earned Income Tax Credit: Cash Back from BOTH Federal & California Government

Richard Kraus, Librarian III, Business Department,

The federal government first offered the Earned Income Tax Credit (EITC) in 1975 and has expanded the program over the years.  California is introducing a new additional California Earned Income Tax Credit this year.  The credit provides money even when taxes are not owed.

EITC is one of the largest antipoverty programs offered by the government.  The purpose of the Earned Income Tax Credit programs is to give cash back to working families and individuals with low to moderate incomes.

From the federal tax program, for the tax year 2014, 27.5 million people nationwide received about $66.7 billion in Earned Income Tax Credit, with the average amount paid per person filing being $2,400.  An estimated four out of five eligible people claimed it.  (https://www.eitc.irs.gov/EITC-Central/abouteitc)

This tax season, in the state of California, the federal EITC will benefit an estimated 4 million families and the new CalEITC is projected to benefit 600,000 families. (http://caleitc4me.org/earn-it/)

To find out if you qualify, estimate how much you might get, and learn how to file for both the federal and state Earned Income Tax Credit, please visit these websites:

Federal Earned Income Tax Credit (EITC)

California Earned Income Tax Credit (CalEITC)

California Earned Income Tax Credit (another website to find information on it)

The Greater Los Angeles EITC Campaign Partnership

For free help: Volunteer Income Tax Assistance (VITA), Tax Counseling for the Elderly (TCE), and AARP Tax Aide Sites can all provide free assistance in applying for both of the Earned Income Tax Credits:

VITA and TCE at the Los Angeles Public Library

To find other VITA and TCE sites near you, use this locator search tool

For AARP Tax Aide Sites, use this locator tool

More information about taxes on the Los Angeles Public Library website