The federal and state tax credits provide the largest cash payment many families will receive in a year – money that can go toward repaying debt, building savings or buying goods and services that support economic growth.
Yet each year, California residents leave approximately $2 billion in tax credits on the table, with one of the nation’s lowest rates for filing for the credit. That money is badly needed in a state where rents are among the nation’s highest and where 45 percent lack the savings to cover even a modest emergency cost.
View Article