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Tag: CA income tax
CA NOL Suspension : Coming Back?
California startups and high-income founders were hit hard when the Net Operating Loss (NOL) deduction was suspended under AB 85 during pandemic-era budgets. With 2025 underway, many are asking: Will California reinstate NOL usage, or will suspensions continue? Let’s decode what’s happening, what to prepare for, and how to preserve your NOL carryforwards while staying […]
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 […]