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April 2024 California Personal Income Tax Daily Revenue Tracker
April 2024 California Personal Income Tax Daily Revenue Tracker
April 15 is the normal annual personal income tax (PIT) payment deadline. However, for the prior year the Franchise Tax Board extended the deadline in conformity with the Internal Revenue Service in response to the 2022-23 winter storms. In 2023, the state and federal PIT payment and filing deadline was extended through November 16. For 2024, April 15 is the PIT payment deadline.
General Fund PIT receipts for the current fiscal year (FY 2023-24) totaled $83.87 billion through March 31, which was $3.80 billion, or 4.34 percent, lower than anticipated in the 2024-25 Governor’s Budget.
The FY 2024-25 Governor’s Budget estimated April 2024 PIT collections to total $16.30 billion. PIT receipts expected in April represent 7.67 percent of total General Fund revenues of $212.51 billion anticipated for the entire 2023-24 fiscal year.
The chart below compares the running actual total to the estimate of April PIT receipts. The total consists of PIT receipts minus refunds.
| 2023-24 FY Date | Daily Personal Income Tax Revenues (Receipts And Withholding Minus Refunds)** |
2023-24 FY Year-To-Date Personal Income Tax Revenues |
2022-23 FY Date |
2022-23 FY Year-To-Date Personal Income Tax Revenues |
|---|---|---|---|---|
| Ending Balance March 31 | 83,870,692 | Ending Balance March 31, 2023 | 72,192,410 | |
| Ending Balance April 30, 2023 | 79,641,770 | |||
| Ending Balance October 31, 2023 | 39,331,969 | |||
| April 1 | - | 83,870,692 | November 1 | 39,784,462 |
| April 2 | 1,098,740 | 84,969,432 | November 2 | 40,445,581 |
| April 3 | 398,441 | 85,367,873 | November 3 | 40,811,920 |
| April 4 | 825,214 | 86,193,087 | November 4 | *** |
| April 5 | (49,880) | 86,143,207 | November 5 | *** |
| April 6 | *** | *** | November 6 | 41,188,435 |
| April 7 | *** | *** | November 7 | 41,400,946 |
| April 8 | 133,275 | 86,276,482 | November 8 | 41,443,661 |
| April 9 | 368,551 | 86,645,033 | November 9 | 41,758,032 |
| April 10 | 310,521 | 86,955,554 | November 10 | 41,758,032 |
| April 11 | 407,400 | 87,362,954 | November 11 | *** |
| April 12 | 434,356 | 87,797,310 | November 12 | *** |
| April 13 | *** | *** | November 13 | 42,144,036 |
| April 14 | *** | *** | November 14 | 42,351,792 |
| April 15 | 1,477,992 | 89,275,302 | November 15 | 42,548,415 |
| April 16 | 3,330,793 | 92,606,095 | November 16 | 43,152,610 |
| April 17 | 4,160,986 | 96,767,081 | November 17 | 43,730,537 |
| April 18 | 1,888,961 | 98,656,042 | November 18 | *** |
| April 19 | 1,032,545 | 99,688,587 | November 19 | *** |
| April 20 | *** | *** | November 20 | 44,110,073 |
| April 21 | *** | *** | November 21 | 44,885,720 |
| April 22 | 63,711 | 99,752,298 | November 22 | 45,382,924 |
| April 23 | 138,695 | 99,890,993 | November 23 | 45,382,924 |
| April 24 | 100,110 | 99,991,103 | November 24 | 45,382,924 |
| April 25 | 130,363 | 100,121,466 | November 25 | *** |
| April 26 | (81,224) | 100,040,242 | November 26 | *** |
| April 27 | *** | *** | November 27 | 46,203,558 |
| April 28 | *** | *** | November 28 | 46,262,687 |
| April 29 | (164,770) | 99,875,472 | November 29 | 46,607,817 |
| April 30 | 440,448 | 100,315,920 | November 30 | 47,244,242 |
| April Total | 16,444,728 | 100,315,920 | November Total | $ 47,244,242 |
* The reconciliation of these numbers can take up to five business days. Therefore, final April revenues will not be known until the first week of May.
** Amounts are net of refunds. A negative figure indicates the daily refund total outpaced daily receipts and withholdings.
*** No transactions are posted on weekends/holidays.
Source: California State Controller's Office