Expansion of CalEITC to Reach More than One Million Additional Low-Income Working Families
On June 27, Governor Jerry Brown signed a budget that significantly expands the California Earned Income Tax Credit (CalEITC), a refundable state tax credit that increases the economic security of low-income working families. Effective for the 2017 tax year, low-income workers with self-employment income and working families with incomes up to about $22,300 will be able to benefit from the credit. Initial estimates from the Institute of Taxation and Economic Policy indicate that more than one million additional families could benefit under the expansion.
“The expansion of CalEITC represents a significant step toward creating a more equitable California, one in which all Californians, no matter race, gender, or socioeconomic status, can thrive and reach their full potential.” – Lewis Brown, Senior Associate, PolicyLink