It’s Back-to-School time! The EITC is a cash back tax credit that puts money back into the pockets of working families and individuals. The EITC is one of the most effective tools to lift children out of poverty. So far in 2018, 3.8 million children under the age of 18 benefitted from the Cal EITC.
CalEITC4Me is a campaign to spread awareness of the California Earned Income Tax Credit (Cal EITC) to benefit eligible families, increase use of the federal EITC, and ensure that the credit winds up in the hands of those who worked hard to earn it.
Many families across the state struggle to earn enough to support the rising costs of housing, transportation, health care, and child care. This in turn affects each child’s opportunity for success inside and outside the classroom. The Cal EITC is a cash-back tax credit that puts money into the pockets of California’s working families and individuals. Your support of this campaign can directly help our neediest families thrive and assist the millions of school children who live in poverty.
9 out of 10 Cal EITC dollars go to families with dependent children of school age. Students who belong to low-income households where their parents or guardians work but make less than $22,300/year could be eligible to receive a life-changing cash back refund. Need money for back-to-school supplies? Want to learn more about how the Cal EITC can affect children? Learn more about how the Cal EITC can help!
Need money for back-to-school supplies? Want to learn more about how the Cal EITC can affect children? Learn more about how the Cal EITC can help!
- Financial inequality continues to grow at an alarming rate” California is the 6th largest economy in the world and home to the most billionaires of any state in the U.S. Yet, California also has the highest poverty rate in the nation, where nearly one out of every four children in California live in poverty.
- Children whose families receive this credit perform better in school, have better health, and are more likely to go on to attend college.
- Research shows children whose families receive a boost in income from EITC perform better in school and have better health.
- Elementary and middle-school students whose families receive larger refundable credits tend to have higher test scores in the year of the receipt.
- Young children in low-income families that benefit from expanded state or federal EITCs are more likely to go to college, research finds. Researchers attribute this to lasting academic gains from higher EITCs in middle school and earlier.
- Increased tax refunds also boost college attendance in making college more affordable for families with high school seniors.
- More income for a young child or student in a low-income family not only improves the child’s immediate well-being but is associated with increased work and earnings in adulthood. Larger refund credits in particular are projected to lift future earnings significantly.
- In 2017, more than $180 million of the total $200 million, was given to parents.