December 16, 2021
Continuing the expanded credit in 2022 would mean these savings for California families with tax cuts next year, according to the Institute on Taxation and Economic Policy:
— Less than $29,100 income (lowest 20%): $4,080
— $29,100 to $51,700 (next 20%): $2,850
— $51,700 to $83,200 (next 20%): $2,780
— $83,200 to $151,100 (next 20%): $2,340
— $151,100 to $358,700 (next 15%): $1,870
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