Curious about what tax law changes occurred in California that impacts your income tax return (Form 540)? The Franchise Tax Board (FTB) publised a summary of those changes which you can view here.
Some of the tax changes cover these topics:
Mortgage forgiveness debt relief
Net operating loss
Business tax credit limitation
Estimated tax payments
Same-Sex married couples
Third party designee
Rice Straw Credit
Withholding on California Real Estate
Consult your tax preparer to determine whether any of these changes may apply and benefit you.