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California Tax Updates for 9/8
Update 1: New figures that affect your 2021 California taxes have been released, adjusted for inflation. Tax rates and related items have...
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California Tax Updates for 10/2
Post 1: California expands its professional exemption. Effective Sept. 9, 2020, this exemption is expanded to include employees who provide instruction for...
Veterans In California Get Increased Exemptions
Veterans in California get increased exemptions. The CA State Board of Equalization (SBE) has announced increases in both the property exemption amounts...
Disabled Veterans in California Get a Tax Break
Disabled veterans in California get a tax break. The California State Board of Equalization has announced increases in the property exemption amounts...
AMT Retained with Higher Exemption Amounts
The alternative minimum tax (AMT) is a tax system separate from the regular tax that is intended to prevent a taxpayer with substantial...
Personal Exemptions Suspended
Under pre-Act law, taxpayers determined their taxable income by subtracting from their adjusted gross income any personal exemption deductions. Personal exemptions generally were...
