Who Benefits from California’s EITC?

The State of California’s Franchise Tax Board (FTB) recently released a report on the impact of the state’s earned income tax credit (CalEITC). Using data from Tax Year 2015, the FTB found that the CalEITC benefitted approximately 815,000 Californians and together with the federal credit, helped lift approximately 250,000 Californians out of deep poverty. The report…