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Level 2
posted Mar 26, 2025 9:40:54 PM

CA EITC

it looks like CA has a limit on investment income of $4674 to be eligible for EIC.  I finally got into a worksheet and it stops me at the investment income section.  AGI is $18547 made up of Earned income $10162 and Additional income (from Schedule 1 $8385 rental income) called investment income.  This investment income appears to be capped, therefore not eligible for CA EITC. 

This is the only thing that I'm finding, sounds right?   

0 1 2875
1 Best answer
Employee Tax Expert
Mar 26, 2025 9:55:50 PM

Yes, you are correct.  To qualify for the CA EIC, your investment income has to be less than $4, 674. 

 

CA has a limit on investment income of $4674 to be eligible for CA EITC.  Refer to CA FTB website Earned Income Tax Credit Instructions (scroll down to Step 2 Investment Income) .

1 Replies
Employee Tax Expert
Mar 26, 2025 9:55:50 PM

Yes, you are correct.  To qualify for the CA EIC, your investment income has to be less than $4, 674. 

 

CA has a limit on investment income of $4674 to be eligible for CA EITC.  Refer to CA FTB website Earned Income Tax Credit Instructions (scroll down to Step 2 Investment Income) .