Newsom spoke for about an hour, outlining his budget proposal and how he “looked forward” to working with the Supervisors over the next month. Despite the City facing a half-a-billion dollar deficit, Newsom said he had a “balanced budget with no taxes and no borrowing” which “doesn’...
Any SOAR income received would be excluded from gross income in personal income taxes and would not go down as earned income for California Earned Income Tax Credit eligibility under SB 1341. Until August 1, 2024, SOAR funds would not be considered income “for p...
Harris has promised to protect and strengthen Social Security and Medicare for the long-term, though her campaign did not give details and specifics on a plan. It only said it would do so "by making millionaires and billionaires pay their fair share in taxes." Healthcare The vice president...
And billions of dollars from the federal government, which paid for things like hotel rooms for the homeless and home-delivered meals for seniors, also softened the blow. Unlike most states, California taxes capital gains — mostly money made from investments and stocks — the same as money ...
If you haven't received IRS notices recently about unfiled returns or unpaid taxes, expect that to change. The IRS is hiring more auditors and resuming collection notices aggressively. Be prepared for stepped-up IRS collections efforts in 2024. The LA Sports Council Announces New CEO Matthew ...
Under Prop 13, taxes on California homes are capped to 1 percent of the property's acquisition value and usually limited to just 2 percent annual increases, assuming the homeowner stays. The sale of a home triggers a reassessment on the property for the new owners. ...
Overall, Medicare Advantage plans would be more suited for seniors who are okay with the extra effort required, especially for specialty care, she said. Enrollees may have to jump through extra hoops. This could look like having to “convince your primary care doctor to refer you to a special...
Income is a major qualifier for cost assistance, but Covered California may deny cost assistance based on certain other factors as well. The major ones include: You or a family member qualify for a different public healthcare program, such as for seniors or people living with disabilities. In...
Rep. Kevin Brady told CNBC that higher taxes and more regulationsshould not be put in placein response to the coronavirus economic crisis. "I don't think you punish business in order to help that blue collar worker. I think it's the opposite. We lift them together," the Texas Republican...
SB 487 (Atkins) Provides additional safeguards for California abortion providers and other entities and individuals that serve and support abortion patients that reside in states with hostile abortion laws. A few other notable bills: Assembly Bill 12 limits the amount landlords can charge for a secur...