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   • State Individual Tax Returns  

California imposes state income taxes on its residents and nonresidents that receive California state source income.

In this video, we cover a simple example of how to complete a California Form CA540 for a fulltime resident. The return requires several adjustments for items with different federal and state tax treatments.

The adjustments include changes for U.S. treasury interest, municipal bond interest income, and contributions to a Health Savings Account (HSA) made during the tax year.

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DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Selfhelp services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorneyclient or confidential relationship. This video does not include information about every topic or issue related to these informational materials.

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