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January 5, 2025 at 6:00 AM A new state law allows farmworkers to use sick time when environmental conditions prove too hazardous for work to be done safely. (Gary Coronado/Los Angeles Times)
On Jan. 1, 2025, the California state minimum wage, excluding fast food employers and certain healthcare facilities, will increase from $16 per hour to $16.50 for employers of all sizes.
Proposition 32 was a California ballot proposition that was voted on as part of the 2024 California elections on November 5. It was ultimately rejected, with 50.7% of voters voting 'no', [ 1 ] but the results remained too close to call for several weeks after election day; [ 2 ] the Associated Press called the race on November 20 and CNN had ...
At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
Here’s why salary changes take so long. Maya Miller. ... California’s payroll system, ... 34 unique things to do on New Year's Eve to ring in 2025. Sports. Sports.
Many cities, including Detroit, Lansing, and Flint (most income above a certain annual threshold; reported on form issued by imposing city or on separate state form 5118/5119/5120 in the case of Detroit) Missouri (all other cities are prohibited from imposing local income tax):
Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. [9] The alternative minimum taxable income (AMTI) is calculated by taking the taxpayer's regular income and adding on disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax deduction, foreign tax credits, and ...
The 2024 election will affect taxes, with key policy changes expected in 2025 no matter who wins. Trump's plans could mean tax hikes for lower earners; Harris' proposals would target higher earners.