California is in financial trouble- that is no secret with a large portion of the state’s income coming from sinking property tax revenues. On top of that our wonderful officials spent months bickering over a budget, causing a whole mess of problems while living it up on their expense accounts. Due to that same "budget crisis" California is delaying the tax refunds they are sending out this year. Even though a budget has now been passed, they are still dragging their heels on sending out tax refunds. The bottom line is: file your taxes now, and you will get paid whenever the state feels like it. But for clever workers there is a way to get some of that money back now through reducing what is withheld out of your paycheck.
***Update- the Franchise Tax Board has started issuing refunds again- for information on your refund go to:
http://www.ftb.ca.gov/online/refund/index.asp
As the author I am leaving this information up here though because I believe that California could arbitrarily do something like this again- and even if they don’t it is worthwhile for people to know they can adjust the California withholding to not loan the state money for the next several months.
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