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Tag: Tax filing 2025
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 […]