California Competes Tax Credit

Use the California Tax Form Calculator California Tax Form 3531 as a stand alone tax form calculator to quickly calculate specific amounts for your 2026 California state tax return. Alternatively, you can use one of our Combined Federal and State Tax Estimators to quickly calculate your salary, tax, and take-home pay.

California Competes Tax Credit
Part I Credit Earned. See Instructions
1a	Agreement number: Credit earned				1a
	Does the credit earned in line 1a include the achievement of milestones from more than one year?				Yes No
1b	Agreement number: Credit earned				1b
	Does the credit earned in line 1b include the achievement of milestones from more than one year?				Yes No
2	Total credit earned in 2017. Add line 1a and line 1b				2
Part II Available Credit
3	Credit amount from Part I, line 2. See instructions				3
4	Pass-through California Competes Tax Credit from Schedule K-1 (100S, 541, 565, or 568). See instructions				4
4a	Agreement number for the pass-through California Competes Tax Credit :
5	Current year credit. Add line 3 and line 4				5
5a	S Corporation enter of the amount of Line 5				5a
6	Credit carryover from prior year(s). See instructions				6
7	Total available California Competes Tax Credit. Add line 5 and line 6. S corporations see instructions				7
8a	Credit claimed. Enter the amount of the credit claimed from Part IV, line 11, column (d) on this form. See instructions. (Do not include any assigned credit claimed on form FTB 3544A.)				8a
b	Total credit assigned. Enter the total amount from form FTB 3544, column (g). If you are not a corporation, enter -0-. See instructions				8b
9	Credit carryover available for future years. Add line 8a and line 8b, subtract the result from line 7				9
Part III Credit Recapture
10	Credit recapture. See instructions				10
Part IV Credit Claimed
	(a) Agreement number	(b) Year credit earned	(c) Credit amount available for use	(b) Credit claimed	(e) Credit carryover
11





	Total credit claimed

Last reviewed: : If you believe this form requires an update, please contact us.

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Frequently Asked Questions

How does community property affect my CA return?

Married/RDP filers may have community property allocation rules; see CA guidance.

Are employer retirement contributions taxed by CA?

Pre-tax 401(k)/403(b) contributions reduce federal and generally CA taxable wages.

Is there a separate Medicare surtax in CA?

Additional Medicare is federal; California PIT is separate and applies via its own brackets/credits.

Does CA tax out-of-state remote work?

CA generally taxes income earned while working in CA; non-CA work may be non-CA source—track days/location.

Can I deduct mortgage interest in CA?

Often yes, subject to CA limits/adjustments; compare standard vs itemized for CA.

Important Notes

All calculations are estimates for guidance only. Always review your return and consider professional advice when submitting official filings.