California FTB Announces Individual Income Tax Filing, Payment Deadline Extension

The California Franchise Tax Board (FTB) March 19 announced the extension of the individual income tax filing and payment deadline to May 17 from April 15 to align with the federal filing and payment deadlines. The announcement explains that: 1) Taxpayers don’t need to claim any special treatment or call the FTB to qualify for waiver of penalty and interest; 2) the deadline extension doesn’t apply to estimated tax payments due on April 15; and 3) taxpayers are eligible for a Golden Gate Stimulus payment of $600 or $1,200, upon filing their 2020 tax return, if they received California Earned ...