Ragavan Sreetharan | the most important part is how much is your refund. The EITC may help reduce the amount you owe for federal and State taxes. Yes, California has an earned income tax credit. If your filing status is Single, MFJ, HOH or Widowed your adjusted income must be less than $15,010 no qualifying children, one qualifying child adjusted income must be less than $39,617, two children income less than $45,007, three or more children income must be less than $48,350.
Married filing jointly adjusted income must be less than $20,600 no children, one child adjusted income must be less than $45,207, two children less than $50,597, three or more children adjusted income must be less than $53,950. Your investment income cannot be more than $3,450.