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CLAIM FOR EXCEED SDI CONTRIBUTION ON FORM 540 2024

HNHFINANCIAL
Level 1

CAN NOT LOCATE EXCEED SDI ON FORM 540 2024

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3 Comments 3
Terry53029
Level 14
Level 14

To figure out the amount to enter on line 74 of Form 540 or line 84 of Form 540NR, fill out the Excess SDI (or VPDI) Worksheet. If married/registered domestic partner (RDP) and filing jointly, figure the amount of excess SDI (or VPDI) separately for each spouse/RDP.

Here is the link: https://www.ftb.ca.gov/refund/help-refund.html#:~:text=To%20figure%20out%20the%20amount,separately%2....

ljsmith2
Level 4

This is per FTB Form 540 instructions. Since the cap on wages has been removed for SDI beginning Jan 2024, there will not be a line for excess SDI .

State Disability Insurance – For taxable years beginning on or after January 1, 2024, California removes the taxable wage limit and maximum withholdings for each employee subject to State Disability Insurance (SDI) contributions. All wages are taxable for the purpose of computing SDI worker contributions. As a result, the excess SDI (or VPDI) withheld line has been removed from the personal income tax return by updating the line as “reserved for future use.” For more information, go to the Employment Development Department (EDD) website at edd.ca.gov.

 

Terry53029
Level 14
Level 14

@ljsmith2 Thanks for the update

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