Due dates: personal | FTB.ca.gov (2024)

FAQs

Is California extending the tax deadline in 2024? ›

The due date to file your California state tax return and pay any balance due is April 15, 2024. However, California grants an automatic extension until October 15, 2024 to file your return, although your payment is still due by April 15, 2024.

California taxpayers get an automatic extension to file until October 15 this year. However, any taxes owed must be deposited or postmarked by April 15, 2024. Taxpayers who are unsure of whether they will owe money can refer to FTB's Tax Calculator .

If you are an individual without the income, assets, or means to pay your tax liability now or in the foreseeable future, you may be eligible for an OIC . The OIC Program allows you to offer a lesser amount for payment of a non-disputed final tax liability .

Those who missed the deadline to file but owe taxes should file quickly to minimize penalties and interest. Taxpayers should keep in mind that payments are still due by the April 15 deadline, even if they requested an extension of time to file a tax return. An extension to file is not an extension to pay.

Nearly all California counties were included in one of four FEMA disaster declarations and will receive a California tax extension in 2023. The exception is for Lassen County.

For taxpayers who need an extension of time to file their taxes, there are several options to get an automatic extension through Oct. 15. Although an extension grants extra time to file, it does not extend the obligation to pay taxes due on April 15, 2024.

The declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after Jan. 21, 2024, and before June 17, 2024, are granted additional time to file.

California seniors can claim an additional exemption credit on their state income taxes if they are 65 or older by Dec. 31, 2023.

We give you an automatic 6-month extension to file your return. You must file by the deadline to avoid a late filing penalty. The deadline is October 15, 2024. An extension to file your tax return is not an extension to pay.

Sole proprietors and general partnerships don't register with the Secretary of State and so are free from paying the California Franchise Tax.

Does the FTB forgive tax debt? ›

California will forgive tax debt via a Franchise Tax Board Offer in Compromise. An FTB Offer in Compromise is an agreement between the California state taxing authorities, the FTB, and the taxpayer to settle the tax debt for less than the amount owed. FTB Offers are not someone everyone qualifies for.

Franchise Specific Tax Deduction Tips

Note: Franchise fees are categorized as Section 197 Intangibles by the IRS and are not immediately tax-deductible. The IRS requires you to amortize the franchise fee over 15 years. This allows you to recover the cost over time for tax purposes.

If you find that you cannot pay the full amount by the filing deadline, you should file your return and pay as much as you can by the due date. To see if you qualify for an installment payment plan, attach a Form 9465, “Installment Agreement Request,” to the front of your tax return.

The deadline to file an extension is the same as the deadline to file taxes. Unfortunately, if you've missed the date to file your tax return, you've also passed the deadline to file an extension. If the filing deadline has passed, you should file your return as soon as possible to avoid penalties.

An extension to file provides an additional six months with a new filing deadline of Oct. 16. Penalties and interest apply to taxes owed after April 18 and interest is charged on tax and penalties until the balance is paid in full.

Standard Deduction Changes for 2024

For tax year 2024, the standard deduction for married couples filing jointly rises to $29,200, an increase of $1,500 from 2023. For single taxpayers, the standard deduction rose to $14,600, a $750 increase from the previous year.

Eligibility for $6,000 Stimulus Check 2024

To qualify for California's $6,000 stimulus checks, applicants must meet specific eligibility criteria. These include being a permanent resident of California with an annual income below $75,000 for individuals or $150,000 for married couples filing jointly.

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