Welcome to Eric M Hunt, CPA
The topic of the California exit tax has been in the gossip in recent years. The main reason for this is that many people consider relocating to a state with a more affordable cost of living, greater career flexibility, or simply a change of pace. Although no official announcement has been made regarding this tax […]
Doing overtime has become a regular part of life for many workers in California. Whether you are in retail, logistics, healthcare, or the tech industry, people always work overtime to keep up with their expenses. With so many people relying on overtime to support their families, the idea of no tax on overtime in California […]
If you are late in filing taxes, then you can also get an extension for it. But there is a procedure for it. Today, we will understand how to file a tax extension for California. By doing this, you can get extra time to organize documents, gather financial records, or prepare an accurate state tax […]
The California Pass-Through Entity Tax has quickly become a hot topic for business owners across the state. Introduced under Assembly Bill 150 (AB 150), the elective PTE tax gives partnerships, S corporations, and LLCs taxed as partnerships or S corporations a way to work around the federal SALT deduction cap. This means many business owners […]
Tax season is not just an April affair. It is a year-round conversation with the state’s tax authorities for many Californians. Four key deadlines punctuate tax season. If you are self-employed, a freelancer, an investor, or a business owner, understanding the ins and outs of California state estimated tax payments is just a good idea. […]
Hey there, fellow Californian. If you saw your paycheck stub and noticed a new line item for something called the “CA LTD,” then you are not alone. There are many people who do not know about this and are trying to figure out what this new deduction is all about. It is called the California long […]
Buying a home in the Golden State or just checking your annual tax bill? You’ve probably wondered, “How much are the property taxes in California?” It’s a massive concern for taxpayers, and the answer is, famously, “it depends.” But don’t worry! It’s not as random as it sounds. Yes, California is known for its sky-high […]
You are probably waiting for your tax refund if you have already filed your California taxes. Whether checking your California tax refund status or wondering how long it takes to receive a tax refund, this guide covers everything you need to know. From tracking your California state refund to possible delays, we will help you […]
Capital gains tax is very important for business owners, investors, and homeowners. Here, we are sharing a guide on California’s capital gains tax because California is known as the state with the highest tax rate in the United States. Here, we will also understand how capital gains are taxed in California and how it can […]
If you’re a retiree or soon-to-be retiree in California, you might wonder: Does California tax Social Security benefits? Understanding how your Social Security income is taxed can help you plan your retirement finances more effectively. In this comprehensive guide, we’ll explore: Whether California taxes Social Security benefits How federal taxes on Social Security work Other retirement […]
