Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Mar 12, 2023 12:14:29 PM

What is the New Employment Credit?

why did I get a California Form 3554?

0 1 1437
1 Best answer
Expert Alumni
Mar 13, 2023 6:57:28 AM

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.

  1. Select Tax Tools in the black panel on the left
  2. Select Tools below Tax Tools
  3. Select Delete a Form
  4. 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]

1 Replies
Expert Alumni
Mar 13, 2023 6:57:28 AM

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.

  1. Select Tax Tools in the black panel on the left
  2. Select Tools below Tax Tools
  3. Select Delete a Form
  4. 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]