The CalEITC is a cashback tax credit that puts money back into the pockets of California workers.
In its first year, the CalEITC boosted the income of about 385,000 families, who shared almost $200 million from the cashback tax credit.
In 2019, more than 2 million people claimed the credit, totaling close to $395 million.
This is a new credit that could mean up to $1,000 additional in your refund for parents with at least one child younger than age 6 as of Dec. 31 2019.
In 2020, an estimated 400,000 California families are expected to benefit from the YCTC.