Even if you work in a different state, you must fill out a California tax return if you are a California resident.Use Form 540NR to file a part-year resident tax returnĬalifornia Resident Who Works in Different State.If you live in California for part of the year and earned at least $11,698 from California sources or made at least $14,622 from any source, then you must file a Form 540.Your only credits are the nonrefundable renter’s credit and refundable California earned income tax credit.Your payments are only California income tax withheld shown on Form(s) W-R.Tier 1 and tier 2 railroad retirement payments.Taxable scholarship and fellowship grants (only if reported on Form W-2).Capital gains from mutual funds (on Form 1099-DIV, Box 2a).Taxable interest, dividends, and pensions.Your filing status is single, married/RDP filing jointly, head of household, or qualifying widow(er).Form 540 EZ is a simple version of Form 540 that you can fill out if you meet certain criteria.If you are a resident and earn a taxable income, then you are required to file in California with Form 540.Take a look at the four main groups you may fall under to find out how your income is affected by Form 540. Your California residency status makes a difference in how you file state taxes.
This form should be completed after filing your federal taxes, such as Form 1040, Form 1040A, or Form 1040EZ, because information from your federal taxes will be used to help fill out Form 540.
California tax rates are among some of the highest in the nation, with the top bracket taxed at 13.3%.ĭepending on your residency status, there are several different versions of Form 540 that can be used to get your taxes in order. Each spring, California residents use Form 540 to file their state income tax return. While the Golden State is known for its incredible climate and vibrant cities, it’s also infamous for being one of the most expensive places to live.
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