California FTB Tax News

Correction to Individual Shared Responsibility Child Dependent Penalty Amount

The California Franchise Tax Board issued a correction to the Individual Shared Responsibility penalty amount for dependent children, raising it from $450 to $475 per child due to a rounding error in 2025 indexing. Updated penalty information has been posted to the personal health care mandate webpage, tax professionals webpage, and the individual shared responsibility penalty estimator.

Secretary of State Entity Identification Numbers for Tax Filings

The California Franchise Tax Board issued guidance clarifying that the Secretary of State's new 12-digit alphanumeric entity identification numbers require only numeric digits for tax filings and payments. Taxpayers using software or FTB's Web Pay application must enter only the numeric portion, as the system will reject alpha characters, dashes, or spaces.

California Franchise Tax Board Tax News Flashes and Updates

The California Franchise Tax Board (FTB) has issued several tax news flashes and updates. These include corrections to penalty amounts, guidance on business entity identification numbers, updates to form instructions, and information on disaster relief for Los Angeles County taxpayers. The updates cover various tax years and provide operational guidance.