Tax News
No TMT Limit for College Access Tax Credit

FTB Archive Disclaimer:  Archived content is not current and may contain broken links. It remains online for historical reference or research. The search function above allows you to search archived and current content separately. If you need archived content in a different format, contact us.

August 6, 2015

Good news for taxpayers claiming the College Access Tax Credit (CATC)!

Recently passed legislation (Senate Bill 81) modified provisions to the CATC. Now taxpayers may use the credit to reduce their tax below tentative minimum tax (TMT) for taxable years beginning on or after January 1, 2014. 

We will contact impacted taxpayers who filed their 2014 tax return prior to the passage of this law. Impacted taxpayers may be able to take more of their credit against their 2014 taxes paid.

For additional information on the CATC, go to ftb.ca.gov and search CATC.

About Tax News

Help Us Improve Our Website

Don't include social security numbers or other personal/confidential information.



Thank you for your help.

If you need assistance, contact us.

Oops! Something went wrong.

We appreciate your feedback. Please try again later

 

You are leaving ftb.ca.gov

We do not control the destination site and cannot accept any responsibility for its contents, links, or offers. Review the site's security and confidentiality statements before using the site.

If you have any issues or technical problems, contact that site for assistance.

Ahora está saliendo de ftb.ca.gov

Nosotros no controlamos el sitio web al que se destina y no podemos aceptar ninguna responsabilidad por su contenido, enlaces, u ofertas. Revise las declaraciones de seguridad y confidencialidad del sitio antes de usar el sitio. Si tiene algún problema en general o técnico, comuníquese con ese sitio para obtener asistencia.

Si tiene algún problema en general o técnico, comuníquese con ese sitio para obtener asistencia.