Important Reminder: October 16 tax deadline approaching (2024)

For Immediate Release

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Sacramento - The California Franchise Tax Board today reminded taxpayers that October 16 is the deadline for most Californians to file and pay their 2022 taxes to avoid penalties.

FTB also offered guidance for those owing multiple tax payments this filing season, and provided tips on claiming tax credits, filing a tax return for free, tax relief related to natural disasters, and avoiding scams.

“We want to ensure no one forgets that October 16 is the final tax filing and payment deadline for most of California,” said State Controller and FTB Chair Malia M. Cohen. “I also want to remind Californians that by filing a state tax return they can claim the California Earned Income Tax Credit and the Young Child and Foster Youth state tax credits, if they meet income qualifications. These cash-back credits can put hundreds or even thousands of dollars back in the pockets of families struggling to make ends meet.”

Extended Tax Deadline

FTB followed the IRS in extending this year’s original April 18 tax filing and payment deadline to October 16, 2023, for 55 California counties with a federal disaster declaration related to severe winter storms (late 2022/early 2023). Shasta and Modoc counties had an August 15, 2023, deadline, while Lassen County’s remained April 18 because there was no disaster declaration.

Visit FTB’s Emergency tax relief page for more information.

Tax Return Filing Trends

Californians file more than 20 million state personal income tax returns annually. FTB expects about three million more tax returns to be filed by October 16, 2023. Compared with this time last year, there are currently about one million more outstanding returns.

Importance of Making Multiple Tax Payments Separately

Disaster declarations related to last winter’s storms extended the due date for multiple personal and business tax payments covering two tax years. To ensure their tax payments are processed timely and accurately, FTB asks that taxpayers not combine payments for different tax years, and submit separate checks for each payment type (e.g. personal income tax and quarterly estimated payments.) For more information, visit FTB’s Disaster declaration tax payments page.

Tax Relief for Disasters in Hawaii, Southeast and Northeast

Taxpayers affected by hurricanes, fires, and seawater intrusion in Maui/Hawaii, Florida, Georgia, Maine, Massachusetts, South Carolina, and Louisiana qualify for the extension to February 15, 2024, to file certain individual and business tax returns and make certain income tax related payments.

With the relief, those who would have had an October 16, 2023, extended tax filing deadline now have until February 15, 2024, to file. However, tax year 2022 return tax payments originally due on April 18, 2023, are not eligible for the extension.

Taxpayers should write the name of the disaster (for example, Hurricane Idalia, Hurricane Lee, Louisiana Seawater, or Maui Fire) in blue or black ink at the top of their tax return to alert FTB. If taxpayers are filing electronically, they should follow the software instructions to enter disaster information. If an affected taxpayer receives a late filing or late payment penalty notice related to the postponement period, the taxpayer should call the number on the notice to have the penalty abated.

Cash-Back Credits: California Earned Income Tax Credit (CalEITC), Young Child Tax Credit (YCTC), and the new Foster Youth Tax Credit (FYTC)

Californians with income up to $30,000 might qualify for CalEITC, which can provide cash back or lower any tax owed. Those eligible for CalEITC and with a child under the age of six may receive up to $1,083 from YCTC, which beginning this year does not require income if all other CalEITC and YCTC requirements are met. In addition, those earning less than $59,187 may also qualify for the federal EITC. Between CalEITC, YCTC, and the federal EITC, a family can receive up to $11,435. FYTC provides up to $1,083 for tax year 2022 forward. CalEITC, YCTC, and FYTC are claimed by filing a state tax return. The federal EITC is claimed on a federal return. For a calculator to estimate your credits, and more: ftb.ca.gov/caleitc.

File for Free, Free Tax Help and FTB Pay Online Services

Most taxpayers can file their state tax return electronically, free of charge, using FTB’s CalFile program. CalFile and a list of other free or fee-based e-file services are available on FTB’s website. FTB recommends taxpayers opt for direct deposit to their bank accounts to ensure a timely and safe refund. E-filing provides faster refunds, increased accuracy, and immediate confirmation that FTB has received a return.

Taxpayers are also encouraged to use FTB’s electronic payment option, Web Pay. It allows taxpayers to authorize a tax payment from a bank account. Individual taxpayers can use their MyFTB account to schedule payments and view and securely access their tax information.

Help With Tax Payments

FTB encourages taxpayers who can’t pay their full tax bill to file on time and pay as much as they can as soon as they can to limit penalties and interest. Payment plans are available on the FTB website for taxpayers facing financial hardship. People who owe $25,000 or less and can repay within five years generally qualify.

Beware of Scams

FTB urges taxpayers to protect themselves from scams. Scammers often prey on taxpayers by impersonating IRS or FTB employees. They may attempt to trick taxpayers into sending money not owed or providing personal information that could be used to file fraudulent returns and steal refunds. If you receive a letter from FTB or the IRS that appears suspicious, contact FTB at 800-852-5711 or the IRS at 800-829-1040. Concerned taxpayers can also check the FTB Letters page. Visit FTB's Scams page for more information on common types of scams.

One-Time Penalty Cancellation Relief

A new law allows FTB to grant individual taxpayers a one-time cancellation of a penalty for filing or paying their taxes late. To receive this relief, taxpayers must be compliant with all tax return filing requirements, have not previously been granted a one-time abatement, and have no outstanding tax liabilities (other than the timeliness penalty the taxpayer wants cancelled). The relief applies to tax year 2022 forward. FTB will begin accepting one-time penalty cancellation requests on October 17, 2023. For more information, visit FTB’s One-time penalty abatement page or call 800-689-4776.

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 bring to your attention a comprehensive overview of the recent press release from the California Franchise Tax Board (FTB). As a tax expert, I can attest to the importance of staying informed about tax deadlines, credits, and relief programs. Let's break down the key concepts mentioned in the article:

  1. Tax Deadline Reminder (October 16, 2023):

    • The FTB has reminded taxpayers that October 16 is the deadline for most Californians to file and pay their 2022 taxes to avoid penalties.
    • State Controller and FTB Chair Malia M. Cohen emphasized the significance of this deadline to ensure compliance.
  2. Extended Tax Deadline for Disaster-Affected Counties:

    • Following the IRS, FTB extended the original April 18 tax filing and payment deadline to October 16, 2023, for 55 California counties with a federal disaster declaration related to severe winter storms in late 2022/early 2023.
    • Different deadlines were set for specific counties (e.g., Shasta and Modoc had an August 15 deadline).
    • Taxpayers are directed to FTB’s Emergency tax relief page for more information.
  3. Tax Return Filing Trends:

    • Californians file more than 20 million state personal income tax returns annually.
    • FTB anticipates about three million more tax returns to be filed by October 16, 2023, compared to the previous year.
  4. Multiple Tax Payments:

    • Due to disaster declarations, the due date for multiple personal and business tax payments covering two tax years was extended.
    • FTB advises taxpayers not to combine payments for different tax years and to submit separate checks for each payment type.
  5. Tax Relief for Disasters in Hawaii, Southeast, and Northeast:

    • Taxpayers affected by hurricanes, fires, and other disasters in specific states qualify for an extension to February 15, 2024, for filing certain individual and business tax returns.
    • Taxpayers should indicate the name of the disaster on their tax return.
  6. Cash-Back Credits:

    • Californians with income up to $30,000 may qualify for the California Earned Income Tax Credit (CalEITC).
    • Eligible individuals with a child under six may receive up to $1,083 from the Young Child Tax Credit (YCTC).
    • A new credit, the Foster Youth Tax Credit (FYTC), provides up to $1,083 for tax year 2022 forward.
  7. Filing for Free and Other Services:

    • Most taxpayers can file their state tax return electronically for free using FTB’s CalFile program.
    • FTB recommends direct deposit for timely and safe refunds.
    • Electronic payment options, such as Web Pay, are encouraged.
  8. Help With Tax Payments:

    • FTB encourages timely filing and partial payments for those unable to pay the full tax bill.
    • Payment plans are available for taxpayers facing financial hardship.
  9. Beware of Scams:

    • Taxpayers are warned about scams and urged to protect themselves from fraudulent activities.
    • FTB provides contact information for reporting suspicious letters or calls.
  10. One-Time Penalty Cancellation Relief:

    • A new law allows FTB to grant a one-time cancellation of a penalty for filing or paying taxes late.
    • To be eligible, taxpayers must meet specific criteria outlined by FTB.

In conclusion, this press release covers a range of topics crucial for California taxpayers, including deadlines, relief programs, credits, and precautions against scams. Stay informed and take advantage of available resources to navigate the tax season effectively.

Important Reminder: October 16 tax deadline approaching (2024)
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