Category: Business Tax|Franchise Tax Board|Individual Tax|IRS

  • California College Access Tax Credit

    California College Access Tax Credit

    Under bills SB 174 and SB 798 signed by Gov. Jerry Brown in September 2014, California introduced a creative way to increase funding for the Cal Grant B program, which provides money for books and living expenses to low-income college students. Contributions to the CATC (College Access Tax Credit) Fund are eligible for a federal charitable contribution deduction as…