In 2023 the California Franchise Tax Board changed their requirements to add a fourth estimated tax date, September 15th 2023: https://www.ftb.ca.gov/forms/2023/2023-540-es-instructions.html
TurboTax 2022 has not been updated to support this new form. Why not?
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The 3rd installment doesn’t have to be paid. The 4th is due in January 2024.
Installment Payments – Installments due shall be 30 percent of the required annual payment for the 1st required installment, 40 percent of the required annual payment for the 2nd required installment, no installment is due for the 3rd required installment, and 30 percent of the required annual payment for the 4th required installment.
Thank you. Do you have the FTB website reference for this statement?
@clarkmurray see that link you posted. At the very top first paragraph right under General Information.......
Installment Payments – Installments due shall be 30 percent of the required annual payment for the 1st required installment, 40 percent of the required annual payment for the 2nd required installment, no installment is due for the 3rd required installment, and 30 percent of the required annual payment for the 4th required installment.
Don't understand why it lists all 4 dates below. Or doesn't list 0 for the third one.
Thanks
They list September because the Feds have 4 payments with one in September ...
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