Get your taxes done using TurboTax
To complete California estimated tax payments and forms, revisit the California interview. You may need to revisit the Federal return if you will need to edit payments you already entered there for California. If you completed this section, your forms should include the estimated tax worksheet for California.
The FTB's instructions for estimated tax payments states:
Generally, you must make estimated tax payments if in 2024 you expect to owe at least:
- $500
- $250 if married/RDP filing separately
And, you expect your withholding and credits to be less than the smaller of one of the following:
- 90% of the current year’s tax
- 100% of the prior year’s tax (including alternative minimum tax)
If you’re required to make estimated tax payments and your prior year California adjusted gross income is more than:
- $150,000
- $75,000 if married/RDP filing separately
Then you must base your estimated tax based on the lesser of:
- 90% of your tax for the current tax year
- 110% of your tax for the prior tax year (including alternative minimum tax)
This rule does not apply to farmers or fishermen.
To avoid a penalty, you must pay on or before the below dates.
The state requirements haven't changed.
