CA delays State Income Tax deadline to June 15

[Syriel]

Your move Trump.

Individual filers whose tax returns are due on April 15 now have a 60-day extension to file and pay by June 15.

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https://www.ftb.ca.gov/about-ftb/ne...payers-affected-by-the-covid-19-pandemic.html

 

[Yoshimitsu126]

Whats the diff between state and fed income tax. New to workforce here.

 

[Feep]

Whats the diff between state and fed income tax. New to workforce here.

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Federal income tax is generally the "bulk" of your tax, implemented in marginal (read: tiered) amounts as you earn more and more money. Everyone in the country is affected by this, and the money goes to the federal government, which is generally responsible for "country-wide" programs, policies, and the armed forces.

Each state has its own income tax (and some have no income tax at all, like Florida and Alaska!), and that applies only to residents of that state. It's generally less than federal income taxes and pays for state-specific stuff. Some states are high, some states are low.

You may also have local taxes as well, specific to your city or town.

All of these add up to form your total tax bill for the year.

 

[Yoshimitsu126]

Federal income tax is generally the "bulk" of your tax, implemented in marginal (read: tiered) amounts as you earn more and more money. Everyone in the country is affected by this, and the money goes to the federal government, which is generally responsible for "country-wide" programs, policies, and the armed forces.

Each state has its own income tax (and some have no income tax at all, like Florida and Alaska!), and that applies only to residents of that state. It's generally less than federal income taxes and pays for state-specific stuff. Some states are high, some states are low.

You may also have local taxes as well, specific to your city or town.

All of these add up to form your total tax bill for the year.

Click to shrink...

Thanks!

 

[Syriel]

Typically Federal and State taxes are aligned. Both bills are traditionally due on April 15.

There has been rumor of Fed getting delayed, but none news so far.

This is the state of California saying that CA taxes are considered paid in full (no late fees) as long as you pay by June 15, 2020.

Most people will figure out their bills at the same time, but if you owe (instead of being due a refund) this gives CA residents an extra 60 days to pay.