Which tax credit can be received by taxpayers claiming the CalEITC on their tax return?

The CalEITC, or California Earned Income Tax Credit, is designed to assist low-income working families by providing a tax refund. Taxpayers who qualify for the CalEITC are typically those who have earned income below certain thresholds and have qualifying children or meet other eligibility requirements.

When a taxpayer claims the CalEITC, they are effectively eligible for additional financial benefits that enhance their overall tax situation. Among these benefits, the Earned Income Tax Credit (EITC) is significant because it directly correlates to the income level and eligibility criteria established for the CalEITC. The EITC is a federal tax credit intended to help low- to moderate-income working individuals and couples, especially those with children. Thus, receiving the CalEITC may also influence the benefits an individual can claim under the EITC at the federal level.

In contrast, the other options provided do not directly tie to the CalEITC. For instance, the Golden State Stimulus II is a separate direct payment program aimed at eligible Californians but is not a tax credit related to the CalEITC. The Child and Dependent Care Credit is designed to assist with the costs of caring for children or dependents