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  2. State and local tax deduction - Wikipedia

    en.wikipedia.org/wiki/State_and_local_tax_deduction

    The Tax Cuts and Jobs Act of 2017, signed into law by President Donald Trump, capped the total SALT deduction at $10,000 for the tax years 2018 through 2025. [24] The bill also increased the standard deduction, which significantly reduced the number of taxpayers who claim the SALT deduction. [25]

  3. California State Tax Guide 2024: Income, Sales, Property Tax ...

    www.aol.com/california-state-income-taxes-2023...

    Taxpayers with taxable income of $100,000 or less don’t have tax brackets, per se. Although these individuals are also taxed on a graduated basis, the tax is a flat amount from the California ...

  4. Taxation in California - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_California

    The California excise tax on gasoline as of mid-2011 is 35.7 cents per gallon for motor fuel plus a 2.25% sales and use tax, 13 cents per gallon for diesel plus a 9.12% sales and use tax. [37] The California Department of Tax and Fee Administration provides an online list of sales taxes in the local communities of the state. [9]

  5. California Department of Tax and Fee Administration - Wikipedia

    en.wikipedia.org/wiki/California_Department_of...

    The department handles the vast majority of California's sales, use and excise tax assessment, auditing and collection. It also collects the 1.25% Bradley-Burns Uniform Local Sales and Use Tax and various 'district taxes'. Sales & use tax; Alcoholic Beverage Tax (contracted to administer on behalf of the Board of Equalization) California Tire Fee

  6. Are financial advisor fees tax deductible? - AOL

    www.aol.com/finance/financial-advisor-fees-tax...

    The Tax Cuts and Jobs Act (TCJA) of 2017 put an end to the deductibility of financial advisor fees, as well as a number of other itemized deductions. As of January 2018, these fees no longer ...

  7. Economy of California - Wikipedia

    en.wikipedia.org/wiki/Economy_of_California

    State and local tax and fee collections in California (2011) were $268.224 billion plus another $75.875 billion in federal transfers were spent by state and local government agencies. [52] California in 2010, when measured as a percentage of GDP, had the 4th highest tax burden of all the fifty states at 13.4% of the state GDP. [53]

  8. Top Tax Deductions and Tax Credits You Should Know for 2023 - AOL

    www.aol.com/finance/10-tax-deductions-know-2023...

    A tax credit, on the other hand, reduces the tax you owe — every $1 of tax credit reduces your tax bill by by $1. If you owe $10,000 in taxes and qualify for a $2,500 tax credit, your tax bill ...

  9. California Department of Motor Vehicles - Wikipedia

    en.wikipedia.org/wiki/California_Department_of...

    The DMV began collecting a statewide Vehicle License Fee in 1936, in lieu of the personal property tax that individual cities and counties previously levied directly on motor vehicles regularly garaged within their borders (hence its nickname as the "in lieu tax"). [8]

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