As pandemic relief dollars dwindle, low income families still need help recovering, advocates say. Two bills would expand California’s earned income and young child tax credits for families m…
Who gets earned income, young child tax credits?
That’s partly by design. The state earned income tax credit is structured to provide an incentive for people to work, so it phases in more cash as earned income increases to $30,000. On the other hand, California’s Young Child Tax Credit currently gives $1,083 to filers with a dependent under the age of 6. Once a family’s youngest child turns 6, the family no longer qualifies for the credit.would enable tax filers with dependents who also qualify for the state Earned Income Tax Credit to continue qualifying for the young child tax credit after the youngest child ages past 6.
The young child tax credit bill would benefit 700,000 to 1 million more children each year, said Monica Lazo, a senior policy manager of Golden State Opportunity, an anti-poverty organization.“The will is there,” she said. “We are in a recession, but there’s a lot of folks that always come out unscathed — because they have certain tax credits those of us in the working class don’t have access to.
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