Tax and financial advice from the Silicon Valley expert.

Tax tips and developments relating to individuals

California expands the passthrough entity tax

The passthrough entity tax is a workaround for the $10,000 individual income tax limit on the deduction for state taxes adopted in the Tax Cuts and Jobs Act of 2017. On February 9, 2022, Governor Newsom signed SB 113, which fixes some of the issues with California's passthrough entity tax.

Read More

Tax and financial advice from the Silicon Valley expert.