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New Sales and Use Tax Rates Effective April 1, 2026
California voters recently approved the district tax changes listed below. These rate changes only apply within the indicated city or county limits. Additionally, voters in certain areas have extended citywide and countywide district taxes that were set to expire. The new tax rates, tax codes, and expiration dates will be available to view and download as a spreadsheet on our webpage, California City & County Sales & Use Tax Rates, beginning March 1, 2026.

Top 5 Exciting Tax Changes from the New Bill

1. New Deductions for Overtime and Tips
Starting in 2025, you can deduct up to $12,500 for individual overtime pay and $25,000 for joint filers, along with a $25,000 deduction for tips, reducing taxable income through 2028.

2. Higher Standard Deductions
Enjoy larger standard deductions for 2025 and 2026, giving most taxpayers a bigger automatic deduction right away.

3. Extended Tax Cuts and Brackets
The lower rates and seven federal tax brackets from the Tax Cuts and Jobs Act have been extended, delaying any tax increases beyond 2025.

4. Increased SALT Deduction Cap
The state and local tax (SALT) deduction cap has been raised to $40,000, providing more opportunities to itemize for those who do.

5. Enhanced Credits and New Benefits
Expect a modest increase in the child tax credit, new deductions for seniors and expenses like car loan interest, and expanded benefits for taxpayers.

These changes bring promising relief and advantages for individuals and families! If you have any questions or need tax assistance, feel free to contact us anytime!

Now you can book your appointments directly by clicking here: https://calendly.com/carlosb-cbincometax/30min

Wishing you all a Merry Christmas 🎄 🎁

Coming soon to woodland Hills

Los Angeles Rams owner rolls out plan for $10B development in Warner Center After gradually scooping up roughly 100 acres of Warner Center real estate over the past few years, Los Angeles Rams owner Stan Kroenke is now lifting the veil on plans for a sprawling mixed-use project which would be centered on the teams new headquarters campus.

First tracks laid in California high speed rail project (The Center Square) – After years of delays, the California High Speed Rail Authority has finally laid the first track in the long-awaited $135 billion high speed rail project that

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It's nice to have plenty of options to choose from. If you need to make a tax payment, the offers a variety of payment methods. We accept payments from a bank account, credit card, debit card or digital wallet. Don't forget: Even if you were granted an extension to file your taxes by October 15, it doesn't extend the time you had to pay your balance. Penalties and interest will continue to accrue on the unpaid balance until it's fully paid.

Make a payment today at www.irs.gov/payments.

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Making mistakes on your tax return is a big deal, leading you to possibly miss out on a larger refund or, at worst, could result in an audit from the Internal Revenue Service (IRS). The best way to fix these mistakes is to avoid making them in the first place. If you need help with filing your taxes, we're here for you. Call us today at (818) 610-1580 to set up your appointment!

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