Earned Income Tax Credit |
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EITC is a refundable federal income tax credit that helps low to moderate income working individuals and families keep more of what they earn. According to the IRS, over 26 million people nationwide kept nearly $59 billion of what they earned through EITC in 2011. These figures include nearly 3 million people from California claiming almost $6.5 billion in EITC. The average EITC amount claimed in California was $2,229, but a qualifying family could receive as much as $5,751. Recent data released by the U.S. Census show low-income families and individuals continue to be among those hit hardest under the struggling economy. These figures show that over the last year there has been an increase in poverty and a decrease in household purchasing power both nationwide and in California. EITC can help these families keep more of what they earn and the program pays off many times over as it provides working families with disposable income. As these dollars get spent they spur local economic activity and tax revenue. According to a New America Foundation report, when EITC refunds go unclaimed, businesses and the economy suffer. California businesses lost out on $1.4 billion in sales and 8,200 jobs were not created because $1.2 billion in EITC refunds were not claimed. In 2009, an estimated 800,000 Californians, about one in five who are eligible, did not claim $1.2 billion in EITC refunds. Those earning under $49,078 should see if they qualify for an EITC refund by going online to WWW.IRS.GOV/EITC, or by contacting a local volunteer assistance site. |
Welcome
The Legislative Women's Caucus represents and advocates on behalf of the diverse interests of women, children and families throughout California. It seeks to increase participation and representation of women in state government. Members of the Legislative Women's Caucus seek to promote sound legislative policies and budget priorities that will improve the well-being of women, children and families and to work cooperatively with local, state and national women's organizations interested in advancing policies to achieve these same objectives. The Legislative Women's Caucus is bipartisan and embraces the goal of empowering all women to be self sufficient, independent, and equal partners in their homes, communities, places of work and government.
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Click on the images above or click here for a list of all members of the Women's Caucus