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March 20, 2024
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TT is saying I am getting a CA state refund when I didn’t pre-pay taxes. I am self-employed and didn’t make much but didn’t pre-pay (I told TT this). My tax should be zero but no refund, right?

  • March 20, 2024
  • 1 reply
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If I didn't pre-pay taxes, what I owe should be zeroed out with any tax credits (I get renters and CA EITC), but I shouldn't get any money back right? I didn't make much but I doubt the state is giving me free money. Is this a TT glitch? What should I do?

Best answer by SharonD007

It sounds as if you are receiving the CA Earned Income Tax Credit (CalEITC) which is a refundable credit. A refundable credit is a credit you get as a refund even if you don’t owe any taxes or pay any taxes.

 

You must meet the following requirements to be eligible for the CalEITC.

 

  • Be at least 18 year old or have a qualifying child
  • Have earned income between $1 and $30,950
  • Have a valid SSN or ITIN for your qualifying children, you and your spouse (if MFJ)
  • Live in CA for more than half of the year
  • Not be eligible to be claimed as a dependent of another taxpayer unless you have a qualifying child
  • Not be the qualifying child of another taxpayer.

For more information, refer to the following articles from the CA Franchise Tax Board website: 

California Earned Income Tax Credit and CalEITC Eligibility and credit information.

1 reply

SharonD007
March 20, 2024

It sounds as if you are receiving the CA Earned Income Tax Credit (CalEITC) which is a refundable credit. A refundable credit is a credit you get as a refund even if you don’t owe any taxes or pay any taxes.

 

You must meet the following requirements to be eligible for the CalEITC.

 

  • Be at least 18 year old or have a qualifying child
  • Have earned income between $1 and $30,950
  • Have a valid SSN or ITIN for your qualifying children, you and your spouse (if MFJ)
  • Live in CA for more than half of the year
  • Not be eligible to be claimed as a dependent of another taxpayer unless you have a qualifying child
  • Not be the qualifying child of another taxpayer.

For more information, refer to the following articles from the CA Franchise Tax Board website: 

California Earned Income Tax Credit and CalEITC Eligibility and credit information.

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