April 2022 California Personal Income Tax Daily Revenue Tracker
April 15 is the normal annual personal income tax (PIT) payment deadline. However, for the two prior consecutive years, the Franchise Tax Board extended the deadline in conformity with the Internal Revenue Service in response to the COVID-19 pandemic. In 2021, the state and federal PIT payment and filing deadline was May 17. For 2022, April 18 is the deadline as April 15 is Good Friday and a banking holiday.
Last fiscal year, PIT totaling $143.75 billion, accounted for 69.97 percent of all state General Fund revenues. Of those receipts, 10.53 percent arrived during the month of May, compared to 19.5 percent in April 2019, pre-pandemic. (The FY 2020-21 PIT total includes approximately $22 billion in taxes deferred from FY 2019-20 due to the filing deadline extension to July 2020.)
General Fund PIT receipts for the current fiscal year (FY 2021-22) totaled $99.01 billion through March 31, which was $10.50 billion, or 11.85 percent, higher than anticipated in Governor Gavin Newsom’s FY 2022-23 budget proposal released in January.
The FY 2022-23 proposed budget estimated April 2022 PIT collections would total $13.63 billion. PIT receipts expected in April represent 10.96% of total General Fund revenues of $124.32 billion anticipated for the entire 2021-22 fiscal year.
The chart below compares the running total to the estimate of April PIT receipts. The total consists of PIT receipts minus refunds and Golden State Stimulus.
| 2021-22 FY Date | Daily Personal Income Tax Revenues (Receipts And Withholding Minus Refunds)** |
2021-22 FY Year-To-Date Personal Income Tax Revenues |
2020-21 FY Date | 2020-21 FY Year-To-Date Personal Income Tax Revenues |
|---|---|---|---|---|
| Ending Balance March 31 | 99,095,335 | Ending Balance March 31 | 98,128,946 | |
| Ending Balance April 30 | 111,866,732 | |||
| April 1 | 618,137 | 99,713,472 | May 1 | *** |
| April 2 | *** | *** | May 2 | *** |
| April 3 | *** | *** | May 3 | 112,129,017 |
| April 4 | 399,879 | 100,113,351 | May 4 | 112,189,702 |
| April 5 | 660,699 | 100,774,050 | May 5 | 112,575,479 |
| April 6 | 676,382 | 101,450,432 | May 6 | 113,603,674 |
| April 7 | 564,154 | 102,014,586 | May 7 | 113,852,032 |
| April 8 | 146,207 | 102,160,793 | May 8 | *** |
| April 9 | *** | *** | May 9 | *** |
| April 10 | *** | *** | May 10 | 113,882,545 |
| April 11 | 221,516 | 102,382,309 | May 11 | 114,676,449 |
| April 12 | 714,418 | 103,096,727 | May 12 | 114,931,658 |
| April 13 | 812,087 | 103,908,814 | May 13 | 115,643,330 |
| April 14 | 877,428 | 104,786,242 | May 14 | 116,263,704 |
| April 15 | 1,114,477 | 105,900,719 | May 15 | *** |
| April 16 | *** | *** | May 16 | *** |
| April 17 | *** | *** | May 17 | 117,252,938 |
| April 18 | 2,376,713 | 108,277,432 | May 18 | 120,376,813 |
| April 19 | 4,588,188 | 112,865,620 | May 19 | 123,358,423 |
| April 20 | 6,901,420 | 119,767,040 | May 20 | 125,540,041 |
| April 21 | 2,504,772 | 122,271,812 | May 21 | 125,962,160 |
| April 22 | 871,286 | 123,143,098 | May 22 | *** |
| April 23 | *** | *** | May 23 | *** |
| April 24 | *** | *** | May 24 | 126,010,066 |
| April 25 | 71,742 | 123,214,840 | May 25 | 126,649,917 |
| April 26 | 1,091,048 | 124,305,888 | May 26 | 126,937,702 |
| April 27 | (272,220) | 124,033,668 | May 27 | 126,937,205 |
| April 28 | 297,501 | 124,331,169 | May 28 | 127,012,110 |
| April 29 | 360,608 | 124,691,777 | May 29 | *** |
| April 30 | *** | *** | May 30 | *** |
| May 31 | *** | |||
| April Total | $ 25,596,442 | $ 124,691,777 | May Total | $ 127,012,110 |
* The reconciliation of these numbers can take up to five business days. Therefore, final May revenues will not be known until the first week of June.
**A negative figure indicates the daily refund total outpaced daily receipts and withholdings.
***No transactions are posted on weekends.
Source: California State Controller's Office