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URL:  http://boards.fool.com/is-the-state-of-california-safe-harbor-similar-to-30775941.aspx

Subject:  Re: Safe Harbor State of California Date:  7/13/2013  3:34 PM
Author:  ptheland Number:  118862 of 121219

Is the State of California safe harbor similar to federal, 110% of last years tax liability?

More or less, yes.

It's 100% of last year's tax if your AGI is under $150k ($75k for married filing separate). Over that AGI it's 110% of last year's tax.

If your AGI is over $1 million, you don't get this exception. Instead you need a good crystal ball so that you can pay in 100% of your tax. (In reality, at that income level, you have to use annualized installments to avoid a penalty AND keep from grossly overpaying your taxes.)

--Peter
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