January 2024 Mailing of Forms 1099-G and 1099-INT Public Service bulletin

January 8, 2024

Purpose of Bulletin

To announce the 2024 mailing of Forms 1099-G and 1099-INT.

Background / Taxpayer Inquiries

Federal law requires the Franchise Tax Board (FTB) to mail taxpayers who itemized and received a refund, or who received an interest payment of $10 or more, to receive one or more of the following:

Form 1099-G, Report of State Income Tax Refund

Form 1099-Gs will specify from which tax year the refund originated.

Form 1099-INT, Statement of Interest Income

FTB issues Form 1099-INTs for all interest paid during the 2023 calendar year, regardless of tax year.

Additional Information

Overpayments or interest income reported on Form 1099-G or Form 1099-INT are considered refunded in the following situations:

• If paid directly to the taxpayer or directly deposited into a financial institution.
• When used as an offset for other liabilities, such as taxes, penalties, or interest.
• When credited as an estimated tax payment.
• If intercepted (offset) by a state, city, or county agency, or by the Internal Revenue Service (IRS).
• If elected as a use tax payment.
• When paid to voluntary contributions as designated by taxpayer.