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State makes taxing error

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From the Associated Press

The state agency that prints tax forms said a mistake on some of them could cost taxpayers.

The Franchise Tax Board said Wednesday that early versions of Schedule CA (540), California Adjustments, tells filers to enter information from the wrong federal tax box. The form is used to make adjustments to federal adjusted gross income and claim itemized deductions.

Line 38 of the form incorrectly states: “Enter the total amount of itemized deductions from your federal form 1040, Schedule A, lines 4, 9, 13, 19, 20, 27, and 28.” It should have listed line 15 instead of 13. Taxpayers could miss claiming mortgage interest, points, mortgage insurance premiums and investment interest, the board said.

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About 2.4 million of the forms were distributed.

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