Post 1:

New California sales and use tax rates take effect on April 1, 2021. The CA Dept. of Tax and Fee Administration (CDTFA) has announced new rates that were approved by CA voters in November 2020. The new tax rates apply only within the indicated city or county limits. The new rates, tax codes, acronyms and expiration dates will be available to download and view before April 1, 2021, on the CDTFA webpage. They have been organized into three categories, by city, county and unincorporated areas. Here’s more: https://bit.ly/3sZfXIR

Post 2:

California’s Franchise Tax Board (FTB) has announced the 2021 mailing of CA Golden State Stimulus payments. This is a one-time payment of $600 or $1,200 to eligible recipients. Those eligible are taxpayers who have filed a 2020 tax return, has CA adjusted gross income of $75,000 or less, is either a CA earned income tax recipient or filer with an individual taxpayer identification number (ITIN), and a CA resident on the date the payment is issued. To be eligible, the taxpayer’s 2020 tax return must be filed by Oct. 15, 2021. A CA stimulus check will be issued generally within 45 days of that processing. Checks won’t be subject to CA state income tax. Here’s more: https://bit.ly/38gIn9f

If you have questions, please reach out to your Linkenheimer CPA.