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 $30,951. 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% of your required annual payment. The dates for 2024 estimated tax payments. Last day to file or e-file your 2023 tax return to avoid a late filing penalty and interest computed from the original due date of April 15, 2024. * If you are living or traveling outside the United States on April 15, 2024, 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 2023 amount you owe to avoid penalties and interest.* See form FTB 3519 for more information. 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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