Last minute tax tips: What you need to know for April 15 tax deadline (2024)

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Sacramento - The California Franchise Tax Board (FTB) today reminded taxpayers that April 15 is the deadline for most Californians to file and pay their 2023 taxes to avoid penalties.

FTB provided guidance on tax relief related to natural disasters, claiming tax credits, filing a tax return for free, avoiding scams, and tax payments.

"With Tax Day less than a week away, I want to ensure Californians are aware of free filing services and valuable cash-back credits available to them," said State Controller and FTB Chair Malia M. Cohen. "Millions of taxpayers are expected to qualify for the California Earned Income Tax Credit, and many will also get the Young Child Tax Credit. These credits combined can be worth hundreds or even thousands of dollars to California taxpayers and their families."

Tax relief for San Diego county flood victims

FTB granted tax relief for San Diego County taxpayers impacted by severe storms and flooding that began on January 21, 2024. Individuals and businesses with their principal residence or place of business in San Diego County will have until June 17, 2024, to file certain California individual and business tax returns and make tax payments originally due between January 21, 2024, through June 17, 2024.

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

Cash-back credits: California earned income tax credit (CalEITC), young child tax credit (YCTC), foster youth tax credit (FYTC)

Californians with an income up to $30,950 may 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 $1,117 from YCTC, which, beginning with tax year 2022, does not require income if all other CalEITC and YCTC requirements are met. In addition, those earning less than $63,398 may also qualify for the federal EITC. Between CalEITC, YCTC, and the federal EITC, an eligible family could receive up to $12,076. FYTC provides up to $1,117 for tax year 2023. 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 visit ftb.ca.gov/caleitc.

File for free, free tax help and FTB pay online services

Most taxpayers can file their state tax returns electronically and free of charge by using FTB's CalFile program. CalFile and 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 encouraged to use FTB's electronic payment option, Web Pay. Web Pay allows users to authorize a tax payment from a bank account. Individual taxpayers can use their MyFTB account to schedule payments and securely access and view their tax information.

Free in-person tax preparation is available for low- to moderate-income taxpayers through the Volunteer Income Tax Assistance (VITA) program. Visit FTB's Get free tax help page to find the closest VITA location.

Automatic tax filing extension

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.

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 visit FTB's Notices/letters and the IRS's Understanding your IRS notice or letter pages.

Visit FTB's Scams page for more information on common types of scams.

Help with tax payments

FTB encourages taxpayers who cannot pay their tax bill in full 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.

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 comply 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. 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 Tax and the Corporation Tax. FTB also administers other non tax programs and delinquent debt collection functions, including delinquent vehicle registration debt collections on behalf of the Department of Motor Vehicles, and court–ordered debt. Annually, FTB’s tax programs collect more than 70 percent of the state’s general fund. For more information on other taxes and fees in California, visit: taxes.ca.gov.

Last minute tax tips: What you need to know for April 15 tax deadline (2024)

FAQs

Last minute tax tips: What you need to know for April 15 tax deadline? ›

Taxpayers sometimes fail to file a tax return and claim a refund for these credits and others for which they may be eligible. There's no penalty for filing after the April 15 deadline if a refund is due. However, taxpayers due a refund should still consider filing as soon as possible.

What happens if you miss the April 15 tax deadline? ›

Taxpayers sometimes fail to file a tax return and claim a refund for these credits and others for which they may be eligible. There's no penalty for filing after the April 15 deadline if a refund is due. However, taxpayers due a refund should still consider filing as soon as possible.

Do I have to file taxes before April 15th? ›

When to file. If you're a calendar year filer and your tax year ends on December 31, the due date for filing your federal individual income tax return is generally April 15 of each year.

Do tax payments need to be postmarked by April 15th? ›

You should mail your tax payment by midnight of the tax deadline date. Most years, that date is April 15. It's a good idea to check your local post office's hours so you can be sure to have the payment postmarked before they close.

What to do before tax deadline? ›

5 actions to take before April's filing deadline
  1. Take inventory of all your tax-related documents. ...
  2. Consider whether an extension makes sense for your situation. ...
  3. Reduce your taxable income for 2023 with an HSA contribution. ...
  4. Meet your IRA contribution limit for the year. ...
  5. Think ahead to next tax season.

What happens if you file taxes one day late? ›

If you missed the filing deadline, didn't file for an extension, and owe income taxes, you may face a late filing penalty of 5% of the unpaid tax per month, plus interest.

How much is a missed tax deadline fee? ›

If you owe the government money and fail to file your 2023 tax return by the due date, the IRS assesses a failure-to-file penalty. This penalty is 5% of your unpaid taxes for each whole or partial month your return is late. For example, if you originally owe $1,000, your failure-to-file penalty would be $50 a month.

Do taxes need to be postmarked or received by the deadline? ›

Your return is considered filed on time if your envelope is properly addressed, postmarked and deposited in the mail by the due date. See Publication 509, Tax Calendars for information on: tax filing deadlines. filing, paying and other tax action due dates.

Is the tax deadline at midnight? ›

The deadline for most taxpayers to file a federal tax return was Monday, April 15, 2024, at midnight local time.

Should I staple or paperclip my tax return? ›

The IRS accepts returns that are stapled or paperclipped together. However, any check or payment voucher, as well as accompanying Form 1040-V, must not be stapled or paperclipped with the rest of the return, since payments are processed separately.

How to reduce taxable income before April 15th? ›

  1. Contribute to a 401(k) or traditional IRA. ...
  2. Enroll in an employee stock purchasing program. ...
  3. Contribute to a health savings account. ...
  4. Deduct the student loan interest you've paid. ...
  5. Sell losing stocks.

Can I pay my taxes on April 15 online? ›

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

Can I file taxes on weekend? ›

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.

What happens if you miss estimated tax deadline? ›

If you missed a quarterly tax payment, the IRS automatically charges you 0.5% of the amount that you didn't pay for each month that you don't pay, up to 25%. To find out how much you owe up to this point, you can use a tax penalty calculator.

What happens if taxes aren't done by deadline? ›

Interest is charged on taxes not paid by the original due date, even if you have an extension of time to file or pay. Interest is also charged on penalties. There's no penalty for failure to file if you're due a refund.

Can I file a tax extension after the deadline? ›

You may request up to an additional 6 months to file your U.S. individual income tax return. There are three ways to request an automatic extension of time to file your return. You must request the extension of time to file by the regular due date of your return to avoid the penalty for filing late.

How late can I mail my taxes? ›

Personal income tax. 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. No application is required for an extension to file.

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