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Tag: Multi-State Filing
The Truth About California’s “Exit Tax” for People Moving Out of State (2025 Edition)
Introduction California’s high taxes have driven many residents to move out of state, especially to states like Texas, Nevada, and Florida. But rumors of a “California Exit Tax” continue to spread. In 2025, what is fact vs. fiction? Here’s the truth about whether California can tax you after you move. What Is California’s So-Called “Exit […]
California vs. Texas: Where Do Entrepreneurs Save More Money? (2025 Edition)
Introduction California and Texas are two of the biggest economies in the U.S., but they offer very different experiences for entrepreneurs. From income taxes to business regulations, where can you actually save more money in 2025 as a founder or small business owner? Tax Environment Overview: California vs. Texas Applicable Code: IRC §11, §162; CA […]
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 […]