SB 132 Change: This test is eliminated for financial institutions. All must use the single sales factor apportionment. Rule: Financial corporations (those predominantly dealing in money or moneyed ...

Trump’s “big beautiful bill” includes a temporary $40,000 SALT deduction cap. But the phaseout could trigger a tax surprise ...

Homeownership remains out of reach for many Californians as mortgage rates hold steady and home prices continue to rise. A ...

Under the bill, the SALT cap temporarily increases to $40,000 per year, so long as your annual income does not exceed ...

President Donald Trump's tax and spending bill revives and expands homeowner tax breaks — while making the current mortgage ...

By EdSource Staff Hundreds of thousands of California’s low-income children and their families will likely see federally ...

California taxpayers earning $500,000 or less can now deduct up to $40,000 in state and local taxes from their federal ...