CA AB2578

Requires the Franchise Tax Board to include information on its website and taxpayer form instructions stating that individual taxpayers can directly deposit all or a portion of tax refunds into tax-advantaged savings plans.

Specifies seven eligible tax-advantaged savings plans for refund deposits: 401(k) plans, 457 plans, 529 plans, Roth 401(k) plans with qualified Roth contributions, Roth IRA plans, SEP-IRA plans, and traditional IRA plans.

Defines "publications" for purposes of this requirement as Franchise Tax Board publications 737, 776, 1006, 1032, 1095D, and all subsequent versions of those publications.

Applies to tax returns required to be filed by individual taxpayers under California's personal income tax law.

Requires no appropriation and is not a state-mandated local program.