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New Member
posted Mar 10, 2024 5:43:18 PM

What is a base year and how do i find mine out?

0 4 1825
4 Replies
Level 15
Mar 10, 2024 5:45:30 PM

Where is it asking for a base year?  

New Member
Mar 10, 2024 5:48:26 PM

In Part I ' Net Increase in Full-Time Employees, Section 1

Expert Alumni
Mar 11, 2024 8:11:43 AM

Yes, your base year is the year before the first qualified employee is hired. The base year is tax year 2022 for an employer who hired its first qualified full-time employee during tax year 2023.

 

I am assuming you are working on Form FTB 3554, New Employment Credit. If that's not right respond back with more details of what you are trying to do. 

New Member
Mar 21, 2025 7:04:17 PM

I’m not an employer, I don’t have a base pay but it won’t let me continue