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Author: anshul
The Truth About California’s Exit Tax – How to Avoid It Legally (2025 Edition)
Introduction Thinking about moving out of California to save on taxes? You’re not alone. But before you pack your bags, there’s a lingering myth you’ve likely heard: the “California Exit Tax.” While the concept is often misunderstood, it’s very real for certain taxpayers—especially high earners and business owners. What Is the California Exit Tax? Applicable […]
How Proposition 13 Protects California Homeowners from Rising Property Taxes (2025 Edition)
Introduction California homeowners have long enjoyed stable and predictable property taxes thanks to Proposition 13, a landmark law passed in 1978. If you’re a property owner in California—or plan to become one—understanding how Prop 13 works can save you money and stress in 2025 and beyond. What Is Proposition 13? Applicable Code: California Revenue & […]
How to File & Pay California Sales Tax for Your Business (2025 Edition)
Introduction If your business sells tangible goods in California, you’re likely required to collect, report, and remit California sales tax. Whether you’re a retail store, online seller, or food vendor, this guide will help you file and pay sales tax accurately in 2025. What Is Sales Tax in California? Applicable Code: IRC §164; California Revenue […]
Does California Have a Capital Gains Tax? Everything You Need to Know (2025 Edition)
Introduction Capital gains can impact your tax bill significantly—especially if you’re a California resident. Unlike the IRS, California doesn’t offer lower tax rates for long-term capital gains. Let’s break down how California treats capital gains in 2025 and how to report them properly. What Are Capital Gains? Applicable Code: IRC §1222; California Revenue & Taxation […]
How to Qualify for California’s Property Tax Exemptions & Save Money (2025 Edition)
Introduction Owning property in California can be expensive, but property tax exemptions may lower your tax bill significantly. Whether you’re a homeowner, senior citizen, veteran, or nonprofit, the state offers several ways to reduce your property taxes—legally and efficiently. Understanding California Property Taxes Applicable Code: California Revenue & Taxation Code §§ 50–100. Property tax is […]
California Franchise Tax Explained: How LLCs & Corporations Are Taxed (2025 Edition)
Introduction Whether you’re running a small LLC or a growing corporation in California, you’ll likely owe franchise tax—a mandatory annual tax for doing business in the state. This guide simplifies how franchise tax works for LLCs, corporations, and S-corporations in 2025 (for the 2024 tax year). What Is the California Franchise Tax? Applicable Code: IRC […]
How to File Your California State Tax Return: A Step-by-Step Guide (2025 Edition)
Introduction Filing your California state income tax return doesn’t have to be overwhelming. Whether you’re a resident, part-year resident, or a nonresident with California income, this guide breaks down each step of the filing process for the 2024 tax year (filed in 2025) using official forms and California tax codes. Who Needs to File a […]
California Income Tax Brackets & How Much You’ll Pay in 2024 (Filed in 2025)
Introduction California has one of the most progressive income tax systems in the United States, meaning the more you earn, the higher percentage of tax you pay. If you’re a resident, part-year resident, or have California-source income, understanding the 2024 tax brackets can help you file accurately in 2025. California’s Progressive Tax System Explained Applicable […]
How to Minimize California Property Taxes Using Proposition 13 (2025 Edition)
Introduction California’s real estate prices are among the highest in the nation—but thanks to Proposition 13, long-time homeowners and investors can pay significantly less in property taxes. Understanding how Prop 13 works in 2025 can help you preserve low property tax bills, plan your estate, or structure real estate deals more efficiently. What Is Proposition […]
Why California Has Some of the Highest Taxes in the U.S. (2025 Edition)
Introduction California’s economy is the largest in the nation, but it also comes with one of the highest state tax burdens. From income to sales and property taxes, residents and businesses often ask: Why are taxes so high in California? This blog explains the structural reasons, what you pay in 2025, and how to plan […]