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The federal standard deduction for tax year 2023 is: ... The state considers you a part-year resident if you live in California for part of the year, and a nonresident if you don’t live in ...
Last month California Gov. Gavin Newsom announced that the state is extending its tax filing deadline for residents impacted by December and January winter storms. The new deadline is now Oct. 16,...
The IRS inflation-adjusted tax brackets for tax year 2024 are: 37% for individual single taxpayers with incomes greater than $609,350 or $731,200 for married couples filing jointly
In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.
For the 2023 tax year, the Earned Income Tax Credit (EITC) will increase to $7,430 for qualifying taxpayers who have three or more qualifying children, a $495 gain from $6,935 for the 2022 tax year.
The UCLA Anderson forecast has overall consumer price hikes in California averaging 4.1% this year, cooling to 3.2% next year and 2.9% in 2025. That’s virtually the same as its forecast for ...
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An El Niño winter is ahead of us. What does that mean for California winter?