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Tag: CA form 540
Gig Worker Taxes: Uber/Lyft 1099-K Changes in CA
Introduction Starting in 2025, California gig workers face a tighter reporting regime under both federal and state laws. The IRS has reduced the 1099-K threshold to $600, and California conforms, meaning Uber, Lyft, DoorDash, Instacart, and other platforms now send 1099-Ks to most of their workers. This guide will explain the 2025 tax filing process […]
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 […]