The Tax Refund is one of the most important annual items in the United States and the IRS could soon send an amount of $10,000 to many California citizens through it. It is true that not all Americans living in California can apply for it, but it is also true that it is possible to meet the requirements, so we must be attentive to this situation.
If we are lucky enough to be eligible to apply for the appropriate Tax Credits, we could soon have $10,000 in credits to use on whatever we want, since it would be a direct refund to our bank account through the IRS Tax Refund. However, not only California residents could have access to this amount in the Tax Refund, since all other places could also be eligible.
Who gets $10,000 in the IRS Tax Refund?
In order to access this IRS Tax Refund we are going to need to be eligible for two types of Tax Credit. In this sense, in California the Tax Credit can be higher because there is a specific one that can grant a very important amount.
The two Tax Credits we are talking about are:
- Earned Income Tax Credit (EITC).
- California Earned Income Tax Credit (CalEITC).
If we are eligible to have the maximum payment of both IRS Tax Credits, we can get $10,000 or more coming soon. So pay attention to the requirements to get them.
How to get the IRS EITC?
To obtain the Earned Income Tax Credit (EITC) we should keep in mind that there are several requirements. Thus, for it we must:
- Have a maximum income of $16,480 in the case of not having children.
- Have up to $44,492 maximum if we have only one child.
- Have an income of up to $53,057 in the case of having three or more children.
Fulfilling these requirements we can apply for the Tax Credit of up to 8,046 dollars. Thus, it is also mandatory to send all the necessary documentation to the IRS before April 18.
How to obtain the CalEITC from the IRS?
Although it is true that this is a different Tax Credit, we are actually talking about the same concept but exclusively within California. Low-income Americans living in California can apply for this Tax Credit from the IRS.
However, the maximum amount of this Tax Credit is $3,644, which means that if we add it to the other one we reach a quite high figure. Usually, if we can apply for the EITC we can also apply for the CalEITC, but it is a good idea to check eligibility. In this case, you need to have a maximum income of $31,950, plus watch out for a dependent child.
