Casttaxrfd (2024)

1. Is "franchise tax bd casttaxrfd" my State Refund ? - TurboTax Support

  • 14 feb 2023 · If your state refund is different from the amount shown on your state return, this means that the CA Franchise Tax Board has found errors on ...

  • I recieved less than what TurboTax said ill get in return

2. Franchise Tax Board Homepage | FTB.ca.gov

  • Check Your Refund Status · MyFTB account · Pay · Where's My Refund?

  • Personal and Business Income Taxes, Residents, Non-residents, State of California

Franchise Tax Board Homepage | FTB.ca.gov

3. IRS warning on new tax refund scam with direct deposit refunds

  • The IRS is warning taxpayers of a scam where hackers steal people's data from tax professionals and use the information to file fraudulent returns.

  • It wasn’t that many years ago when at this time of year credit unions would be on the lookout for counterfeit tax refund checks. Fortunately, several security features were added to US treasury checks in 2014 and add to that the 80% of refunds that are now direct deposited into financial institution accounts, and it is no surprise that tax scammers have moved on from counterfeit checks. This year the IRS is warning taxpayers of a scam where hackers steal people’s data from tax professionals and use the information to file fraudulent returns.

4. Help with refunds | FTB.ca.gov

  • Direct deposit is the fastest way to get your tax refund. Setup direct deposit. Choose direct deposit to receive your refund into your bank account. You can do ...

  • Additional topics to help you with refunds.

Help with refunds | FTB.ca.gov

5. California Franchise Tax Board Tax Refunds - Ask Spaulding

  • 9 jun 2020 · In this blog, we will discuss when it is time to file a claim for refund to recover California Franchise Tax Board tax refunds and the rules that apply.

  • Filing a claim for refund may be the only way to receive older California Franchise Tax Board tax refunds. In this blog, we discuss what you need to know.

California Franchise Tax Board Tax Refunds - Ask Spaulding

6. Tax Tip: Direct Deposit from the IRS, But Not Sure What it is For? - TAS

  • 18 aug 2021 · Did you get a payment by direct deposit into your account, but not sure what it is for? No problem, here's some information that will help you figure that out.

  • Did you get a payment by direct deposit into your account, but not sure what it is for? Here's some information to help.

Tax Tip: Direct Deposit from the IRS, But Not Sure What it is For? - TAS

7. IRS Surprise Money Issued As People Find Tax Refund Deposits in Bank ...

  • 19 aug 2021 · Some Americans have been surprised by a deposit from the Internal Revenue Service in their bank accounts. They payment was not a fourth stimulus check.

  • The Internal Revenue Service has been sending out refunds to those who overpaid taxes on unemployment compensation in 2020.

IRS Surprise Money Issued As People Find Tax Refund Deposits in Bank ...

8. Residentes de California que califican para un reembolso recibirán pagos ...

  • Calcule el pago de su reembolso visitando el sitio web de California Franchise Tax Board. KABC logo. Thursday, October 6, 2022.

  • Millones de californianos que califiquen para un reembolso de impuestos recibirán hasta $1,050 dólares comenzando esta semana.

Residentes de California que califican para un reembolso recibirán pagos ...
Casttaxrfd (2024)

FAQs

What does franchise tax BD CastTaxRFD mean TurboTax? ›

That would be your California refund only.

The deposit stands for Franchise Tax Board California State Tax Refund.

What is the refund everyone is getting? ›

The Middle Class Tax Refund (MCTR) was a one-time payment issued to eligible recipients between October 2022 and January 2023, to provide relief to Californians.

Why did I only get a portion of my federal refund? ›

All or part of your refund may be offset to pay off past-due federal tax, state income tax, state unemployment compensation debts, child support, spousal support, or other federal nontax debts, such as student loans.

Why am I getting so little refund? ›

If you owe money to a federal or state agency, the federal government may use part or all of your federal tax refund to repay the debt. This is called a tax refund offset. If your tax refund is lower than you calculated, it may be due to a tax refund offset for an unpaid debt such as child support.

Who gets the FTB refund? ›

Meet the California adjusted gross income (CA AGI) qualifications (listed below). Have been a California resident for six months or more of the 2020 tax year. Not have been eligible to be claimed as a dependent in the 2020 tax year. Be a California resident on the date payment is issued.

What is the difference between franchise tax and income tax? ›

Unlike state income taxes, franchise taxes are not based on a corporation's profit. A business entity must file and pay the franchise tax regardless of whether it makes a profit in any given year. State income taxes—and how much is paid—on the other hand, are dependent on how much an organization makes during the year.

Is the IRS currently sending out checks? ›

The IRS has issued all first, second and third Economic Impact Payments. Most eligible people already received their Economic Impact Payments.

Did anyone receive a tax refund in 2024? ›

The average 2024 tax refund is 3.8% higher than a year ago, at $2,948, according to the latest IRS data. Luckily, there are a few easy ways to track the status of your refund, such as the IRS' "Where's my refund?" website or its IRS2Go mobile app, which can be used on mobile phones and other similar devices.

Did not receive full tax refund.? ›

If your refund was less than you expected, it may have been reduced by the IRS or a Financial Management Service (FMS) to pay past-due child support, federal agency nontax debts, state income tax obligations, or unemployment compensation debts owed to a state.

Why did I get two tax refunds? ›

Your federal return is for national income tax, and almost everyone in the country who receives some type of income has to file a federal return; your state return, on the other hand, reports on income taxes specific to that jurisdiction, so it's entered on a separate tax return.

Why is my refund less than what TurboTax said? ›

Treasury offset adjustment

Different federal and state agencies, such as the Department of Education and the Office of Child Support Services, submit delinquent debts that need to be collected. These debts are then paid off with tax refunds, which results in a lower tax refund amount.

Why am I getting $0 on my tax return? ›

There are lots of reasons why this might happen. In most cases, the IRS takes part of your refund to pay for outstanding government debts you might owe. These include: Overdue federal tax debts.

What is the 3 year rule for the IRS? ›

The IRS can usually assess tax, by law, within 3 years after your return was due, including extensions, or – if you filed late – within 3 years after we received your return, whichever is later.

What is the average tax return for a single person making $40,000? ›

If you make $40,000 a year living in the region of California, USA, you will be taxed $7,507. That means that your net pay will be $32,493 per year, or $2,708 per month.

Why did the Franchise Tax Board take my money? ›

We issue orders to withhold to legally take your property to satisfy an outstanding balance due. We may take money from your bank account or other financial assets, or we may collect any personal property or thing of value belonging to you but in the possession and control of a third party.

Why did I get a deposit from the franchise tax board? ›

You may have received a direct deposit to the bank account you received your 2020 California tax refund that states "FTB MCT REFUND MCT REFUND." The majority of direct deposits posted to bank accounts between October 2022 and January 2023. Before contacting FTB, check your bank statements for these months.

Can the Franchise Tax Board take my federal refund? ›

If a taxpayer has a California income tax debt and is entitled to a federal income tax refund, we are authorized to withheld from that refund, or offset it, to pay the balance due. As you can see, our partnership with other state and federal agencies help resolve either delinquent income taxes or other government debt.

Why is the franchise tax board charging me? ›

If you owe state income tax and do not pay the full amount due with your tax return, we send you a bill for the amount you owe. Or, if you made an error on your tax return, we correct it and send you a notice explaining the change.

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