Last Few Days to Apply for Small Business Hiring Tax Credit

Sacramento – There's still time for small business owners to receive financial help by applying for the Main Street Small Business Hiring Tax Credit. The last day to apply is Friday, January 15, 2021. California small business owners needing financial assistance can potentially receive up to a $100,000 tax credit, which can be used to offset their income taxes or their sales and use taxes when filing their tax returns.

Qualified small businesses can apply using the California Department of Tax and Fee Administration's (CDTFA) online reservation system. Tax credits are allocated to qualified small business employers on a first-come, first-served basis. If a business owner needs assistance, CDTFA's Customer Service Center will be standing by to provide help at 1-800-400-7115 (CRS:711). Customer service representatives are available this week from 8 a.m. to 5 p.m. (Pacific time). Within 30 days of receiving an application, CDTFA will notify each applicant via email whether a tentative credit reservation has been allocated to them and the amount of the tentative credit reservation.

To learn more about qualifications and how to apply, view the Frequently Asked Questions available on the CDTFA website.

The California Department of Tax and Fee Administration administers California's sales and use, fuel, tobacco, alcohol, and cannabis taxes, as well as a variety of other taxes and fees that fund specific state programs. CDTFA-administered programs account for over $73 billion annually, which in turn supports local essential services such as transportation, public safety and health, libraries, schools, social services, and natural resource management programs through the distribution of tax dollars going directly to local communities.