Do I Have to Pay Income Tax in California? The maximum amount you can claim for this credit is $1,695. You may qualify for this credit if you are 65 or older and meet certain requirements. The credit is $60 if you are single or married filing separately for other filers, the credit is $120. You can claim a nonrefundable tax credit for rent paid for at least half of the year. If you adopted a child during the tax year, you can claim up to 50% of adoption costs paid. Taxpayers who make these contributions can claim up to 50% of their contributions on their tax return. The State of California allows taxpayers to contribute to a state fund that provides financial aid for low-income students to attend college. The credit is nonrefundable, which means it can offset only the amount that you owe in taxes. You can claim the child and dependent care credit if you paid someone to care for your child, a dependent or spouse while you worked. If you qualify for the young child tax credit, you may receive up to $1,083. You can also qualify for the Young Child Tax Credit if you if you earn less than $32,490 and have a qualifying child under the age of 6. The amount of the credit ranges from $275 to $3,417. You can claim the California Earned Income Tax Credit (CalEITC) if you work and have low income (up to $30,000). California State Income Tax Credits Earned Income Tax Credit: The CalEITC or YCTC Tax Credits The state of California follows the federal guidelines for IRA contributions. You can claim a deduction for the amount you contribute to an individual retirement account (IRA). The state of California allows for a disaster loss suffered in California. You can claim a casualty loss if you do not receive an insurance or other type of reimbursement for the property destroyed or damaged. The damage must be sudden, unexpected or unusual from an earthquake, fire, flood or similar event.
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