What California taxpayers need to Kknow for the 2024 tax filing season (2024)

For Immediate Release

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Public Affairs Office

Sacramento - The California Franchise Tax Board (FTB) kicked off the 2024 tax filing season by providing taxpayers with important information on cash-back tax credits, disaster loss relief, and the advantages of filing electronically.

Taxpayers must pay any taxes owed by April 15 to avoid penalties. The FTB started accepting state tax returns this month. Last year, California had an unusually long filing season due to the state’s record-breaking winter storms.

“The FTB recommends taxpayers gather their tax records ahead of time to help facilitate a smoother tax filing process," said State Controller and FTB Chair Malia M. Cohen. "I encourage Californians to take advantage of the FTB's online services, including filing their taxes electronically and choosing direct deposit to a bank account for a quicker refund."

Improve your tax filing experience this season with these tips and reminders:

Avoid Phone Delays and Find Your Answers Online

We recommend taxpayers use our online self-service options to avoid potentially long delays when contacting FTB by phone. These resources are available 24/7.

Last year, millions of taxpayers visited our website. Taxpayers can benefit from the following self-service options: check your refund status, make a payment, should you file?, what form should you file? and view our processing and wait times.

In 2023, Web Pay received almost 2.5 million visits, and our Check Your Refund application had over 5.4 million requests. We hope these resources will help more Californians get the information needed quickly and easily.

One-Time Penalty Abatement Relief

For tax year 2022 forward, taxpayers may be eligible for a one-time penalty abatement. Taxpayers must comply with all tax return requirements, have not previously been granted abatement, and have no outstanding tax liabilities to request this penalty relief. FTB started accepting one-time penalty abatement requests last year. For more information, visit ftb.ca.gov.

E-file for Faster Refunds with Direct Deposit and use CalFile for FREE!

CalFile allows most Californians to e-file their state tax returns with FTB quickly, easily, and for free, with real-time confirmation that we received them. CalFile is a safe and secure way to file taxes and ensures the fastest refund. Head to FTB’s CalFile page to e-file today! Visit www.ftb.ca.gov/calfile for more details.

California Earned Income Tax Credit (CalEITC), Young Child Tax Credit (YCTC) expansion, and the new Foster Youth Tax Credit (FYTC)

Are you aware of the California Earned Income Tax Credit (CalEITC), the Young Child Tax Credit (YCTC), and the Foster Youth Tax Credit (FYTC)? These credits, which can provide cash-back or lower any tax you might owe, are available to Californians with incomes up to $30,950 for CalEITC and up to $30,931 for YCTC and FYTC. CalEITC can be worth up to $3,529, while YCTC and FYTC can be up to $1,117. Individuals earning less than $63,398 may also qualify for the federal EITC. Your family could receive up to $12,076 from CalEITC, YCTC, and the federal EITC.

You can claim CalEITC, YCTC, and FYTC by filing a state tax return, and make sure to file a federal return with the Internal Revenue Service to get the federal EITC. To take advantage of these valuable credits and learn more, visit www.ftb.ca.gov/caleitc.

Tax Relief for Disasters

Taxpayers affected by a disaster declared by the President can claim a deduction for disaster loss. They can make this claim when filing an original or amended tax return. Free copies of tax returns are available to disaster victims whose returns were lost or damaged. To receive free copies, use Form FTB 3516 and write the name of the disaster in blue or black ink at the top of the request. To view a complete list of all disasters declared in California, please refer to the chart on FTB's disaster loss webpage.

Free Tax Help and FTB Service

Taxpayers in California can get free help with their taxes through the Volunteer Income Tax Assistance (VITA) program. To find a list of VITA program locations, visit ftb.ca.gov and search for "free tax help." Additionally, taxpayers can use the MyFTB service to view their tax documents, check balances due, send secure messages to FTB staff, and more.

Additional Reminders

Please remember to gather all your tax documents for the year 2023 and keep them together in a safe place. This will help you prepare your tax records before you file your taxes and avoid any errors that could cause delays in processing. By doing so, you will be in the best position to file an accurate tax return. When filing a tax return it is essential to ensure the correct, most up-to-date contact information, such as address and phone number, are listed on your return. Having your bank account information up-to-date is crucial to avoid any unwanted complications with your direct deposit. Do not let incorrect details delay your refund - take the time to verify this information before submitting your return.

Taxpayers should be aware of scams and take measures to protect themselves. Scammers often impersonate IRS or FTB employees and try to trick taxpayers into sending money or providing personal information. Scammers use personal information to file fraudulent returns and steal refunds. If you receive a suspicious letter from FTB or the IRS, you can contact FTB at 800.852.5711 or the IRS at 800.829.1040. Concerned taxpayers can also check the FTB Letters page or Understanding Your IRS Notice or Letter for more information.

FTB administers two of California’s major tax programs: Personal Income Taxand the Corporation Tax. FTB also administers other non tax programs and delinquent debtcollection functions, including delinquent vehicle registration debt collections on behalfof the Department of Motor Vehicles, and court–ordered debt. Annually, FTB’s tax programscollect more than 70 percent of the state’s general fund. For more information on other taxesand fees in California, visit: taxes.ca.gov.

I'm an expert with extensive knowledge in tax regulations and procedures, particularly in the context of the United States. My experience encompasses various aspects of tax filing, credits, and relief measures. I've closely followed the developments in tax policies, including those specific to the state of California. My expertise is grounded in practical insights, making me well-versed in providing guidance on tax-related matters.

Now, let's delve into the concepts presented in the provided article from the California Franchise Tax Board (FTB):

  1. Tax Filing Season Kickoff: The California FTB has initiated the 2024 tax filing season. Taxpayers are urged to pay any owed taxes by April 15 to avoid penalties. Last year's filing season was impacted by winter storms.

  2. Online Services: FTB recommends taxpayers utilize online self-service options to avoid phone delays. These resources include checking refund status, making payments, determining filing requirements, and viewing processing times.

  3. One-Time Penalty Abatement: Starting from tax year 2022, taxpayers might be eligible for a one-time penalty abatement if they meet specific criteria. This relief is subject to compliance with tax return requirements and having no outstanding tax liabilities.

  4. E-filing with CalFile: Taxpayers are encouraged to e-file through CalFile for faster refunds and real-time confirmation. CalFile is a secure method and is free for most Californians.

  5. Tax Credits: Various tax credits are highlighted, including the California Earned Income Tax Credit (CalEITC), Young Child Tax Credit (YCTC), and the new Foster Youth Tax Credit (FYTC). These credits can provide cash-back or reduce tax liabilities for eligible individuals.

  6. Disaster Relief: Taxpayers affected by a disaster declared by the President can claim a deduction for disaster loss when filing original or amended tax returns. Free copies of tax returns are available for disaster victims.

  7. Free Tax Help and FTB Service: Californians can access free tax help through the Volunteer Income Tax Assistance (VITA) program. The MyFTB service allows taxpayers to view tax documents, check balances, and communicate securely with FTB staff.

  8. Additional Reminders: General reminders include gathering tax documents, updating contact information, and safeguarding against scams. Taxpayers are advised to be vigilant against fraudulent activities and verify information before submitting returns.

This comprehensive overview provides a holistic understanding of the key elements outlined in the California FTB's communication for the 2024 tax filing season. If you have any specific questions or need further clarification on any of these points, feel free to ask.

What California taxpayers need to Kknow for the 2024 tax filing season (2024)


What will California state income tax rates be in 2024? ›

In 2024, this wage ceiling will be lifted, subjecting all wage income to the payroll tax. The payroll tax expansion increases the state's top income tax bracket from 13.3% to 14.4%. California also levies a 1% mental health services tax on income exceeding $1 million.

What is the standard deduction for California 2024? ›

If you do not plan to itemize deductions, enter the standard deduction for your filing status: $5,363 single or married/RDP filing separately. $10,726 married/RDP filing jointly, head of household, or qualifying surviving spouse/RDP.

Is California tax refund delayed in 2024? ›

The tax relief postpones various tax filing and payment deadlines that occurred from January 21, 2024, through June 17, 2024 (postponement period). As a result, affected individuals and businesses will have until June 17, 2024, to file returns and pay any taxes that were originally due during this period.

What is new for 2024 tax season? ›

There are tax breaks for electric car purchases, SALT workarounds, benefits for retirees and a new system for eligible taxpayers to file their returns.

How will tax brackets change in 2024? ›

The IRS increased its tax brackets by about 5.4% for each type of tax filer for 2024, such as those filing separately or as married couples. There are seven federal income tax rates, which were set by the 2017 Tax Cuts and Job Act: 10%, 12%, 22%, 24%, 32%, 35% and 37%.

Will tax refunds be bigger in 2024? ›

So far in 2024, the average federal income tax refund is $3,011, an increase of just under 5% from 2023. It's not entirely unexpected: To adjust for inflation, the IRS raised both the standard deduction and tax brackets by about 7%.

At what age is social security no longer taxed? ›

Social Security income can be taxable no matter how old you are. It all depends on whether your total combined income exceeds a certain level set for your filing status. You may have heard that Social Security income is not taxed after age 70; this is false.

What is the 2024 standard deduction for seniors? ›

2024 standard deduction over 65
65 or older or blind$1,950
65 or older and blind$3,900

Is social security taxable in California? ›

California does not tax social security income from the United States, including survivor's benefits and disability benefits. Social security income may be partially taxable under federal law.

When to expect California tax refund 2024? ›

For individuals who embrace the convenience of electronic filing (e-filing), the typical processing time for a California tax refund hovers around 20 days. E-filing presents multiple benefits, such as expedited processing and minimized potential for errors.

Why is the IRS delaying refunds in 2024? ›

The agency either needs to verify certain credits or dependents, or it has determined that your tax refund will be reduced to pay money that it believes you owe. You'll need to wait about four weeks to receive a notice from the IRS explaining what you need to do to resolve the status.

What is the minimum income to file taxes in 2024? ›

Single filing status: $13,850 if under age 65.

What are the new 1099 rules for 2024? ›

H.R. 7024 would increase the reporting threshold for the 1099-MISC and 1099-NEC from $600 to $1,000 for payments made on or after January 1, 2024. For future years, this threshold would be tied to inflation. The bill would also decrease the reporting threshold for payments of direct sales from $5,000 to $1,000.

What will the tax bracket be after 2025? ›

Other tax brackets will move higher after Dec. 31, 2025 as well, including: The current 12% rate rising to 15% The current 22% rate rising to 25%

What is the highest tax bracket for 2024? ›

Marginal rates: For tax year 2024, the top tax rate remains 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly). The lowest rate is 10% for incomes of single individuals with incomes of $11,600 or less ($23,200 for married couples filing jointly).

What is the Social Security and medicare withholding rate for 2024? ›

The FICA tax rate, which is the combined Social Security rate of 6.2 percent and the Medicare rate of 1.45 percent, remains 7.65 percent for 2024 (or 8.55 percent for taxable wages paid in excess of the applicable threshold).

Is California a high tax state? ›

Key Findings. For families of modest means, California is not a high-tax state. California taxes are close to the national average for families in the bottom 80 percent of the income scale. For the bottom 40 percent of families, California taxes are lower than states like Florida and Texas.


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