The IRS will send tax refunds to these taxpayers

The United States Internal Revenue Service (IRS) continues to assist its taxpayers with some form of financial assistance.

Although federal stimulus checks have ended, there are other options for getting extra money after filing your taxes. The IRS made adjustments for inflation, resulting in a more generous standard deduction.

The benefit amounts to $12,000 USD in 2024, one of the largest Americans receive, and will be in the form of a tax refund.

Those eligible for this refund will be eligible for a combination of state and federal aid that is part of the state tax board.

Who is eligible to receive payment?

Only California residents will receive it and only those who pay their taxes on time are eligible. They will get financial benefits by filing state tax returns this year. Those eligible for the California Earned Income Tax Credit (CalEITC) will receive up to $12,076 USD.

Those who qualify for the Young Child Tax Credit (YCTC) and the Federal Earned Income Tax Credit (EITC) will have the same amount. Through the CalEITC, low-income residents will receive a payment of up to $3,529 USD for tax year 2023. Another requirement to be eligible is that Californians must earn $30,950 USD per year or less.

If the salary is above that figure and less than $63,398 USD per year, a person can apply for the EITC and receive some benefits. Residents interested in requesting this refund must complete the corresponding CalEITC Form FTB 3514.

They also have YCTC option to increase their refund amount. This tax credit will increase to $1,117 USD per tax return. In this case, those who earn less than $30,931 USD per year and have a child under the age of six are eligible.