What is the New Employment Credit?

clapton71 · ‎March 12, 2023

why did I get a California Form 3554?

MayaD · ‎March 13, 2023

Taxpayers use form FTB 3554, New Employment Credit, to figure a credit for a qualified taxpayer that hires a qualified full-time employee and pays or incurs qualified wages attributable to work performed by that employee in a DGA(Designated Geographic Area) and receives a TCR(Tentative Credit Reservation) for that employee.

New Employment Credit

Check: Line Instructions for more information.

If this credit does not apply to you, you can delete the form:

Log back into your TurboTax program.

Select Tax Tools in the black panel on the left
Select Tools below Tax Tools
Select Delete a Form
Scroll down until you see Form 3554. Select delete to the right of this form to remove it

Edited [03/14/2023, 07:22 AM,PST]

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View solution in original post

MayaD · ‎March 13, 2023

Taxpayers use form FTB 3554, New Employment Credit, to figure a credit for a qualified taxpayer that hires a qualified full-time employee and pays or incurs qualified wages attributable to work performed by that employee in a DGA(Designated Geographic Area) and receives a TCR(Tentative Credit Reservation) for that employee.

New Employment Credit

Check: Line Instructions for more information.

If this credit does not apply to you, you can delete the form:

Log back into your TurboTax program.

Select Tax Tools in the black panel on the left
Select Tools below Tax Tools
Select Delete a Form
Scroll down until you see Form 3554. Select delete to the right of this form to remove it

Edited [03/14/2023, 07:22 AM,PST]

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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What is the New Employment Credit?