What is the New Employment Credit?

Taxpayers use form FTB 3554, New Employment Credit, to figure a credit for a qualified taxpayer that hires a qualified full-time employee and pays or incurs qualified wages attributable to work performed by that employee in a DGA(Designated Geographic Area) and receives a TCR(Tentative Credit Reservation) for that employee. 

New Employment Credit 

Check: Line Instructions for more information.

If this credit does not apply to you, you can delete the form:

Log back into your TurboTax program.

1. Select Tax Tools in the black panel on the left
2. Select Tools below Tax Tools
3. Select Delete a Form
4. Scroll down until you see Form 3554.  Select delete to the right of this form to remove it

Edited [03/14/2023, 07:22 AM,PST]