California FTB Issues 2023 Instructions for Form 540, California Resident Income Tax Return

The California Franchise Tax Board (FTB) Jan. 1 issued the 2023 instructions for Form 540, California Resident Income Tax Return, as part of its online Personal Income Tax Booklet, for individual income tax purposes. Taxpayers must file and pay their 2023 tax by April 15, to avoid penalties and interest. The FTB includes information on: 1) important dates for filing and payment of taxes, claiming the dependent exemption credit with no identification, the expansion of credit eligibility, the Minimum Essential Coverage Individual Mandate, the Young Child Tax Credit, and the Earned Income Tax Credit; 2) a table to help taxpayers ...