Tax filing season is here. The California Franchise Tax Board (FTB) and the federal Internal Revenue Service (IRS) are now accepting and processing returns for 2020 income. The IRS has made programming updates following December 2020 tax law changes that provided a second round of economic impact payments. Under these changes, eligible individuals will receive any stimulus funds not yet received as a Recovery Rebate Credit when they file a federal tax return on their 2020 income.
For faster refunds and increased accuracy, taxpayers are urged to file electronically and provide their direct deposit information. The deadline to file and pay any tax owed is Thursday, April 15, 2021. For this filing season, FTB expects to process 20 million personal income tax (PIT) returns; the IRS expects more than 150 million PIT returns.
California Franchise Tax Board List of New Changes for Filing 2020 Tax Returns Published: Sunday, 14 February 2021 06:05
February 14, 2021 - California Franchise Tax Board: What s new for filing 2020 tax returns.
Resident state tax filers list
For taxable years beginning on or after January 1, 2020, taxpayers will include the address and county of their principal residence on either:
Form 540, California Resident Income Tax Return
Form 540 2EZ, California Resident Income Tax Return
This is part of our annual reporting requirements to the jury commissioner.
Taxpayers are required to provide this information if both:
They are 18 years of age or older
Have filed a California resident income tax return for the preceding year
An online application system is now available, and qualifying businesses can get up to $8,000.
To qualify, a small business must be operating under posted business hours in a retail store front location in the corporate city limits of Killeen, according to a news release from the city of Killeen. The business must have five or fewer employees including the owners, and one owner must be at least 18 years old and hold 51% or more ownership in the business. Funding is limited and will be granted on a first come, first served basis.
Funding for this program is made available through a direct allocation to the city of Killeen with federal coronavirus aid funding from the U.S. Department of Housing and Urban Development Community Development Block Grant. All funding considerations are subject to federal regulatory and statutory requirements.
Ellume gets $232M contract for at-home Covid-19 tests
Ellume, whose at-home Covid-19 test was cleared by the FDA in December, got a $232 million contract from the Department of Health and Human Services to deliver 8.5 million tests.
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Ellume’s at-home antigen test does not require a prescription. Users receive their results in a smartphone app. Photo credit: Ellume
Diagnostics startup Ellume won a $231.8 million contract from the Department of Health and Human Services to manufacture more of its at-home Covid-19 tests in the U.S. The Brisbane, Australia-based company will open its first U.S. manufacturing facility, with plans to deliver 8.5 million tests as part of its contract.