California is its own tax jurisdiction with its own traps. The pass-through entity tax election, sales and use tax on materials you furnish and install, contract and freelancer rules, and what happens when you take work across state lines.
Hiring Freelancers in California? Read This Before You Send That 1099 As of January 1, 2025, California’s Freelance Worker Protection Act is in full effect—and it’s a…
Big Tax News: SALT Deduction Cap Raised to $40,000 The Senate just passed Trump’s new tax bill, and it includes a major change to the State and Local Tax (SALT) deduction cap…
OBBBA SALT Deduction New Cap The One Big Beautiful Bill Act (OBBBA) brings a change for many taxpayers by temporarily increasing the State and Local Tax (SALT) deduction:…
Here’s the breakdown Bad news first:Until 2026, you can only deduct a personal casualty loss (like a fire or theft) if it’s part of a federally declared disaster.Even then…
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