The 2018-19 Budget: The May Revision—State Earned Income Tax Credit Expansion

May 14, 2018 - The 2018-19 Budget: The May Revision—State Earned Income Tax Credit Expansion State Earned Income Tax Credit Expansion Background State Earned Income Tax Credit (EITC) Boosts Low-Income Households ’ Earnings.
https://lao.ca.gov/Publications/Report/3835

The 2018-19 Budget: California Earned Income Tax Credit Education and Outreach

May 8, 2018 - The 2018-19 Budget: California Earned Income Tax Credit Education and Outreach The 2018-19 Budget California Earned Income Tax Credit Education and Outreach After California adopted a state earned income tax credit (EITC) in 2015, fewer than half the number of individuals claimed the credit than the administration initially projected.
https://lao.ca.gov/Publications/Report/3826

The 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion

Mar 6, 2019 - Figure 5 Benefits May Decline as Minimum Wage Rises Full Year Earnings Based on 50 Weeks Minimum Wage a , $/hr Full Year Earnings at Minimum Wage: EITC Benefit:
https://lao.ca.gov/Publications/Report/3960

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - Earned Income Tax Credit Expands Eligibility for California Earned Income Tax Credit (EITC). The California EITC is a personal income tax credit that is intended to reduce poverty by increasing the after-tax income of California ’s poorest working households.
https://lao.ca.gov/Publications/Report/4270

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - For respondents who report usual weekly earnings and hours but not hourly wages, we calculate the hourly wage by dividing usual weekly earnings by weekly hours. We default to using usual weekly hours, but we use last week ’s hours if usual hours are not available.
https://lao.ca.gov/Publications/Report/4878/4

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - This piece will briefly describe the changes to three credits that apply to many lower-income and middle-income filers: the Earned Income Tax Credit (EITC), the Child Tax Credit (CTC), and the Child and Dependent Care Expenses Credit ( “child care credit ”).
https://lao.ca.gov/Publications/Report/4410

Effect of Returning to Historical Estimated Tax Payment Schedule

Feb 27, 2023 - These payments are made in April, June, and September of the year the income is earned, as well as January of the following year. State Changed Payment Schedule During Great Recession to Address Budget Problem.
https://lao.ca.gov/Publications/Report/4722

The 2019-20 Budget: California Spending Plan—Expands Earned Income Tax Credit (EITC)

Oct 17, 2019 - The 2019-20 Budget: California Spending Plan—Expands Earned Income Tax Credit (EITC) Expands Earned Income Tax Credit (EITC) Overview The EITC is a personal income tax credit that is intended to reduce poverty by increasing the after-tax income of California ’s poorest working households.
https://lao.ca.gov/Publications/Report/4099

Income Mobility in California Across Generations

Jan 4, 2017 - Figure 4 displays average household earnings by quintile in 2012. Households in the bottom fifth earned an annual average income of $11,361 in 2012. Figure 5 displays adult income outcomes for children born to households in the bottom quintile.
https://lao.ca.gov/Publications/Report/3518

Fixing Unemployment Insurance

Dec 2, 2024 - Employers pay UI taxes on the first $7,000 of each worker ’s earnings, but the vast majority of workers earn more than $7,000  in each job annually. As a result, employers pay the same amount in UI taxes on behalf of basically every employee in the state, regardless of how much that employee earns.
https://lao.ca.gov/Publications/Report/4943