JBAY Events

$1,083 reasons to file your taxes – California’s New Foster Youth Tax Credit

Jan 31, 2023
FROM 10.00AM - 11.30AM

Please join John Burton Advocates for Youth, the California Franchise Tax Board, and the California Department of Social Services (CDSS) for a webinar focusing on the benefits of tax filing and credits for transition age youth, including the new Foster Youth Tax Credit ($1,083), the California Earned Income Tax Credit, the Young Child Tax Credit, education and renters credits, and more. Similar efforts to help foster youth file taxes in 2022 resulted in a 15% boost in youth’s annual income and an average tax return of over $2,500.

The 2022-23 state budget includes more than $21 million in ongoing funding to establish the California Foster Youth Tax Credit (FYTC), a refundable tax credit that aims to boost the income of and reduce poverty among current and former foster youth. The FYTC is a program of the California Earned Income Tax Credit (CalEITC), a refundable tax credit funded with $1.2 billion that helps low-income workers and families. Parents of children younger than 6 may also qualify for the Young Child Tax Credit.

JBAY will release several publications including a tax filing guide, tax prep checklist, social media toolkit, an appointment scheduling link and more to help transition-age foster youth file for free and with support from dedicated IRS-certified volunteers. CDSS estimates there are 80,000 current and former foster youth ages 18 through 25 in California. Based on income, youth being claimed on someone else’s tax return, and tax filing rates, an estimated 20,000 youth will claim and receive the credit.

The Presenters

Please join John Burton Advocates for Youth, the California Franchise Tax Board, and the California Department of Social Services (CDSS) for a webinar focusing on the benefits of tax filing and credits for transition age youth.