![]() Verify the amount of estimated tax payments claimed on your tax return matches what you sent to the Franchise Tax Board (FTB) for that year.To avoid errors and help process your tax return faster, use these helpful hints when preparing your tax return. Claiming the wrong amount of exemption credits.Claiming the wrong amount of real estate withholding.Claiming the wrong amount of withholding by incorrectly totaling or transferring the amounts from your W-2.The amount of refund or payments made on an original return does not match our records when amending your tax return.Claiming a dependent already claimed on another return.Claiming the wrong amount of standard deduction or itemized deductions.Claiming the wrong amount of estimated tax payments.When we find an error, it requires us to stop to verify the information on the tax return, which slows processing. Help us process your tax return quickly and accurately. See instructions for Excess California SDI (or VPDI) Withheld. ![]() If you worked for at least two employers during 2019 who together paid you more than $118,371 in wages, you may qualify for a refund of excess SDI. Refund of Excess State Disability Insurance (SDI) For more information, see the instructions for Form 540, line 76, and get form FTB 3514. You may qualify for the credit if you qualified for the CA EITC and you have at least one qualifying child who is younger than six years old as of the last day of the taxable year. Young Child Tax Credit (YCTC) – YCTC reduces your California tax obligation, or allows a refund if no California tax is due.For more information go to ftb.ca.gov and search for EITC or get form FTB 3514, California Earned Income Tax Credit. You may qualify if you have wage income earned in California and/or net earnings from self‑employment of less than $30,001. California Earned Income Tax Credit (EITC) – EITC reduces your California tax obligation, or allows a refund if no California tax is due.Go to the IRS website at irs.gov/taxtopics and choose topic 601, see the federal income tax booklet, or go to irs.gov and search for eitc assistant. You may qualify if you earned less than $50,162 ($55,952 if married filing jointly) and have qualifying children or you have no qualifying children and you earned less than $15,570 ($21,370 if married filing jointly). Federal Earned Income Tax Credit (EIC) – EIC reduces your federal tax obligation, or allows a refund if no federal tax is due.See Form 540-ES instructions for more information. However, if you do not pay enough tax either through withholding or by making estimated tax payments, you may have an underpayment penalty. Also, you do not have to make estimated tax payments if you will pay enough through withholding to keep the amount you owe with your tax return under $500 ($250 if married/registered domestic partner (RDP) filing separately). Generally, you do not have to make estimated tax payments if the total of your California withholdings is 90% of your required annual payment. The dates for 2020 estimated tax payments. Last day to file or e-file your 2019 tax return to avoid a late filing penalty and interest computed from the original due date of April 15, 2020. * If you are living or traveling outside the United States on April 15, 2020, the dates for filing your tax return and paying your tax are different. Last day to file and pay the 2019 amount you owe to avoid penalties and interest.* See form FTB 3519 for more information. FTB 3514, California Earned Income Tax Credit.FTB 3506, Child and Dependent Care Expenses Credit.Form 540-ES, Estimated Tax for Individuals.FTB 3519, Payment for Automatic Extension for Individuals.Schedule D (540), California Capital Gain or Loss Adjustment. ![]() ![]()
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