Get Up to $12,076 One-Time Tax Rebate in California: Here’s the criteria to claim

As the 2024 tax season approaches, Californians can collect a $12,076 one-time tax rebate if they meet certain qualifications. To improve taxpayer filing, the California Franchise Tax Board has provided advice and reminders, including financial rewards.

Photo from Yahoo

Californians Eligible for $12,076 One-Time Tax Rebate

The $12,076 one-time tax rebate requires eligibility for the California Earned Income Tax Credit (CalEITC), Young Child Tax Credit (YCTC), and Federal Earned Income Tax Credit.

For 2023, low-income, working Californians earning $30,950 or less can receive up to $3,529 from the CalEITC. Taxpayers must utilize FTB 3514 or their e-filing software to claim the credit. The California State Franchise Tax Board details CalEITC eligibility standards.

California households earning $30,931 or less receive up to $1,117 per qualifying tax return from the Young Child Tax Credit (YCTC). Taxpayers must be CalEITC-eligible and have a child under six.

READ ALSO: Uplift Harris County Program Offers Vital $500 Monthly Support To Eligible Families

How to Qualify for the $12,076 One-Time Tax Rebate in 2024

The new Foster Youth Tax Credit (FYTC) for 2023 offers up to $1,117 per person or $2,234 for couples. Current or former California foster youngsters are eligible.

Taxpayers must file state and federal returns with the IRS to claim these credits. April 15 is the tax payment date. Californians should investigate these options to qualify for the $12,076 one-time tax rebate this tax season.

READ ALSO: Key Dates For Kentucky Taxpayers: Filing, Refunds, And Deadlines In 2024 Tax Season