Are you current or former foster youth in California? If so, there’s great news for you! A new tax credit called the Foster Youth Tax Credit (FYTC) has been introduced, which could get you hundreds of dollars back when filing your taxes.
What is the Foster Youth Tax Credit (FYTC)?
The FYTC is a state tax credit that was created specifically for current and former foster youth in California, which can provide up to an additional $1,154 per year. It is designed to provide financial support as foster youth transition into adulthood and independence.
Who is eligible for the Foster Youth Tax Credit?
To be eligible to claim this cash back tax credit this tax season, you must meet the following criteria:
- Must have been age 18 through 25 at the end of 2024.
- Must have been in California foster care at age 13 or older.
- Must be eligible for the California Earned Income Tax Credit (CalEITC) – which could get you up to an additional $3,644 cash back!
How to claim the Foster Youth Tax Credit
To claim in FYTC is simple! All you need to do is file your taxes. You can even get FREE tax filing assistance with the help of one of our free IRS-certified VITA volunteers either in person or online!
You will need to provided proof of your eligibility for the credit, such as foster care records provided through a statewide database or verification letter.
The Foster Youth Tax Credit is a fantastic opportunity for current and former foster youth in California to get the financial support they need to build a brighter future. If you meet the eligibility criteria, get started to claim your cash back tax credits today!