California officially opens state tax season
EUREKA- January 8 marks the beginning of the tax season. As of Thursday, taxpayers have 98 days to file 2014 state income tax returns.
The returns must be filed by April 15 to avoid penalties. On that date, if you haven't filed you will automatically be given an extension to October 15. However, even with the extension you'll receive a 5 percent penalty for not filing by the due date, and then another half percent penalty each month. Late filings will also receive a delinquent penalty of 5 percent of the unpaid taxes due each month you are late. The state is offering paper and e-filing options. For more information about filing your 2014 state income taxes visit ftb.ca.gov.