October 2023 California Personal Income Tax Daily Revenue Tracker
April 15 is the normal annual personal income tax (PIT) payment deadline. For 2023, April 18 is the deadline as April 15 is a Saturday. However, the Franchise Tax Board extended the deadline in conformity with the Internal Revenue Service in response to the 2022-23 winter storms. Therefore, individuals and businesses in counties impacted by 2022-23 winter storms qualify for an extension to file and pay taxes until October 16, 2023.
General Fund PIT receipts for the current fiscal year (FY 2023-24) totaled $22.56 billion through September 30, which was $58.10 million, or 0.30 percent lower than anticipated in the 2023-24 Budget Act.
The FY 2023-24 Budget Act estimated October 2023 PIT collections to total $36.84 billion. PIT receipts expected in October represent 14.97 percent of total General Fund revenues of $246.05 billion anticipated for the entire 2023-24 fiscal year.
The chart below compares the running actual total to the estimate of October 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 |
|---|---|---|
| Ending Balance September 30 | 22,558,402 | |
| October 1 | *** | *** |
| October 2 | 493,332 | 23,051,734 |
| October 3 | 959,950 | 24,011,684 |
| October 4 | 313,894 | 24,325,578 |
| October 5 | 1,065,882 | 25,391,460 |
| October 6 | 271,584 | 25,663,044 |
| October 7 | *** | *** |
| October 8 | *** | *** |
| October 9 | 103,356 | 25,766,400 |
| October 10 | 297,585 | 26,063,985 |
| October 11 | 549,051 | 26,613,036 |
| October 12 | 960,049 | 27,573,085 |
| October 13 | 1,030,446 | 28,603,531 |
| October 14 | *** | *** |
| October 15 | *** | *** |
| October 16 | 1,424,598 | 30,028,129 |
| October 17 | 2,609,865 | 32,637,994 |
| October 18 | 3,186,150 | 35,824,144 |
| October 19 | 2,620,089 | 38,444,233 |
| October 20 | 109,661 | 38,553,894 |
| October 21 | *** | *** |
| October 22 | *** | *** |
| October 23 | 49,445 | 38,603,339 |
| October 24 | 169,230 | 38,772,569 |
| October 25 | 75,405 | 38,847,974 |
| October 26 | 372,480 | 39,220,454 |
| October 27 | (150,286) | 39,070,168 |
| October 28 | *** | *** |
| October 29 | *** | *** |
| October 30 | (119,696) | 38,950,472 |
| October 31 | 381,497 | 39,331,969 |
| October Total | $ 16,773,567 | $ 39,331,969 |
* The reconciliation of these numbers can take up to five business days. Therefore, final October revenues will not be known until the first week of November.
** 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.
Refer to the April 2023 Personal Income Tax Daily Revenue Tracker which compares April 2023 PIT Revenues to 2023-24 Governor's Budget estimates. In addition, it contains a comparison of FY 2022-23 to FY 2021-22 PIT revenues.
Source: California State Controller's Office