Federal Credits
Credit that helps families with qualifying children get a tax break
What is the Child Tax Credit?
The amount I can earn from the CalEITC?
Up to $3027 (depending on income and family size)
The amount of the first economic payment for individuals.
What is $1,200.00?
This persona has income, children and is not married
What is persona #4: Head of Household?
ITIN
Individual Taxpayer Identification Numbers
The amount you can earn from the CTC for Children ages 6-17 for tax year 2021.
What is $3000?
Must file a CA state return
Qualifies for CalEITC (available to families making less than $30,000)
Has at least one child under age 6
What are the YCTC Requirements?
The tax return year you need to file taxes to receive 1st and 2nd economic payment
What is the 2020 tax return?
File form 1040-X electronically for 2019 or 1040 and 1040-SR for year 2020
How do I file an amended return?
EITC
What is Earned Income Tax Credit?
Both parents are able to claim child on a tax return, the parent __________ will receive the CTC.
What is the parent with the higher AGI?
Free tax preparation sites that can help clients apply for or renew an ITIN without needing to mail original documents.
What are Certifying Acceptance Agents (CAAs)?
You _______ receive the 3rd economic payment if you are a dependent of another taxpayer.
What is can't?
California Tax returns include a penalty for residents that do not have this, $800 for adults and $400 per minor
What is healthcare mandate?
Volunteer Income Tax Assistance
Monthly payments the IRS began distributing on July 15th.
What is the advance Child Tax Credit payments?
The EITC is a federal tax credit, and the CalEITC is the sate tax credit. Each has their own rules, regulations.
What is the difference between EITC and CalEITC?
By _________ you might be eligible to receive some money back from a 3rd economic impact payment if you haven't claimed it.
What is Oct. 15th?
Filing status of a taxpayer whose spouse has died in the prior two tax years AND they have a qualifying dependent.
What is qualifying Widow/Widower?
AGI
Adjusted Gross Income
This is not required to be eligible for the CTC.
What is income?
The maximum earned income requirement for EITC you earn with 3+ children if filing jointly and single.
What is $57,414 jointly and 51,464 single?
The AGI amount for a taxpayer filing as head of household not to receive the 3rd economic payment?
What is $120,000?
Those with ITIN's qualify for these credits.
What are the CalEITC, The Golden State Stimulus and Child Tax Credits for the children that have a SSN?
EIP
Economic Impact Payments