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 federal Form W-2, Wage and Tax Statement.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 Form 540, line 74, Excess California SDI (or VPDI) Withheld. Refund of Excess State Disability Insurance (SDI) – If you worked for at least two employers during 2022 who together paid you more than $145,600 in wages, you may qualify for a refund of excess SDI.For more information, see the instructions for Form 540, line 77, and get form FTB 3514, or go to ftb.ca.gov and search for fytc. You may qualify for the credit if you qualified for the California EITC, age 18 to 25, were in foster care while 13 years of age or older and placed through the California foster care system. Foster Youth Tax Credit (FYTC) – FYTC reduces your California tax obligation, or allows a refund if no California tax is due.For more information, see the instructions for Form 540, California Resident Income Tax Return, line 76, and get form FTB 3514, or go to ftb.ca.gov and search for yctc. You may qualify for the credit if you qualified for the California EITC or you would otherwise have been allowed the California EITC but that you have earned income of zero dollars or less, 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.Federal Earned Income Credit (EIC) – Go to the Internal Revenue Service (IRS) website at irs.gov/taxtopics and choose topic 601, get the federal income tax booklet, or go to irs.gov and search for eitc assistant.Get 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 of estimated tax 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 percent of your required annual payment. The dates for 2023 estimated tax payments. Last day to file or e-file your 2022 tax return to avoid a late filing penalty and interest computed from the original due date of April 18, 2023. * If you are living or traveling outside the United States on April 18, 2023, the dates for filing your tax return and paying your tax are different. See " Interest and Penalties" section for information regarding a one-time timeliness penalty abatement. Last day to file and pay the 2022 amount you owe to avoid penalties and interest.* See form FTB 3519 for more information. Due to the federal Emancipation Day holiday observed on April 17, 2023, tax returns filed and payments mailed or submitted on April 18, 2023, will be considered timely. When the due date falls on a weekend or holiday, the deadline to file and pay without penalty is extended to the next business day.
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