Missed the 2026 California PTE Tax Payment? How the 12.5% Credit Reduction Works
A missed or underpaid June 15 payment no longer automatically eliminates the 2026 California PTE election. Learn how the 12.5% owner credit reduction is calculated, when the election may still produce federal tax savings, and how to prepare for the 2027 deadline.
2026 SALT Deduction Limit: How the $40,400 Cap Affects California Taxpayers
The federal SALT deduction limit rises to $40,400 for 2026, but California taxpayers may lose part of the deduction when modified adjusted gross income exceeds $505,000. Learn how income tax, property tax, year end payments, and the PTE elective tax affect the deduction.
Middle Class Tax Planning Under the One Big Beautiful Bill
A detailed examination of middle class tax benefits under the One Big Beautiful Bill, including expanded SALT deductions, Child Tax Credit updates, Schedule 1-A deductions, charitable rules, retirement and education changes, and key planning steps for 2025 and 2026.