FTB 540 (California Resident Income Tax Return)

The FTB 540 is California’s official form for residents to report their income, deductions, and credits to calculate their state income tax liability. It helps individuals determine how much state tax they owe or if they qualify for a refund. The form requires details about income from various sources, adjustments, and eligible deductions, aligning with California tax laws. Filing this form accurately ensures compliance with state regulations and correct tax payments or refunds. It is typically filed annually by California residents to fulfill their state tax obligations.