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Tag: California income tax
Pass-Through Entity Elective Tax (PTET) 2025: 9.3 % or Nothing?
Statutory Snapshot Law: California Revenue & Taxation Code §§ 19900 – 19906 (originally AB 150; expanded by SB 113). Rate: Flat 9.3 % of each consenting owner’s California-source income in the entity. Years Available: Tax years 2021 → 2025 (sunsets before 1-1-2026 unless Congress lifts the federal $10 k SALT cap). Federal Context: Designed to […]
Does California Have a Capital Gains Tax? (2025 Edition)
Introduction Capital gains are often taxed at preferential rates at the federal level. But in California, the story is different. Whether you’re selling stocks, real estate, or business assets, you might be surprised to find that California doesn’t distinguish capital gains from regular income. Here’s how capital gains are taxed in 2025. How Capital Gains […]
What Are California’s Tax Brackets for 2024? (2025 Filing Guide)
Introduction California uses a progressive income tax system, meaning the more you earn, the higher the rate applied to your income. For the 2024 tax year (filed in 2025), tax brackets have been adjusted for inflation, and this blog breaks down how much you’ll pay and how you might reduce your liability. California’s Progressive Income […]
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 […]