California's state unemployment insurance, or SUI, is an employer-paid tax. State disability insurance, or SDI, is an employee-paid tax. The employee pays for disability insurance through withholding, meaning the employer deducts the payment from his or her wages. The employer submits unemploymen...
State Local Tax
The state of California does not actually tax lottery winnings. This is good news if you hit those lotto-winning numbers. This means that if you're a resident of California and you win a lottery amount over $600, you won't have to pay any state taxes on that win. If you're...
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What’s deductible for tax year 2024? How to decide which deduction to take How to claim the sales tax deduction Bottom line What is the sales tax deduction?The sales tax deduction, which is a part of the state and local tax (SALT) deductions, lets you reduce your taxable income by...
It has been my experience as a Los Angeles financial planner; many people ignore state capital gains taxes when doing their tax planning (that is, assuming they are doing any tax planning at all). Understanding California capital gains tax rate obligations can help you make proactive money ...
California’s Franchise Tax Board (FTB) provides information for residents in storm-impacted areas who need to claim disaster losses. Taxpayers should include the name of the disaster in blue or black at the top of their state tax return, according to the FTB. Those who file electronically...
Several environmental groups are suing California air regulators over their continuing support for biofuels Associated PressDec. 19, 2024 Kentucky Attorney General Finds No Requirement to Use Tax Dollars to Pay for Inmate Gender Surgeries Kentucky's attorney general says the state is under no legal re...
In 2018, the U.S. Supreme Court gave states permission to legalize sports betting if they wished to do so.6 It is legal in 38 states and the District of Columbia, as of 2024. It's still illegal in 12 states (Alabama, Alaska, California, Georgia, Hawaii, Idaho, Minnesota, Missouri, ...
For example, California previously had a state law requiring not-for-profit organizations to disclose their donors when funds were raised for political purposes. However, in 2021, the Supreme Court struck down that law, ruling that the requirement of donor lists from nonprofits violated the donors...