Personal Income Taxes
With Westland Tax Services, your hard-earned money stays in your pocket.
Navigating Personal Income Taxes in California
When it comes to personal income taxes, California is known for its distinctive tax landscape. Understanding the ins and outs of the state’s income tax system is crucial for both residents and newcomers.
Westland Tax Services will help you file your taxes promptly and accurately. Individuals and families residing in California and across the United States have tax obligations to two primary entities:
- The State of California – Franchise Tax Board (FTB): California residents must pay state income taxes to the FTB. The amount owed depends on various factors, including income level, filing status, and eligible deductions. Compliance with California tax regulations is crucial to avoid penalties and maintain accurate tax payments.
- The Federal Government – Internal Revenue Service (IRS): All U.S. residents, regardless of their state of residence, are subject to federal income taxes, collected by the IRS. Federal tax rates are progressive, meaning that higher incomes generally result in higher tax percentages. Taxpayers must file their federal tax returns annually to report income and claim deductions.
What You Need To Know
California Earned Income Tax Credit (CalEITC): This credit is designed to help low-income individuals and families. It’s a refundable credit that can result in a refund even if you have no tax liability.
Standard Deduction: California offers a standard deduction, but you can also choose to itemize your deductions if it’s more advantageous.
Child and Dependent Care Expenses Credit: If you’ve incurred expenses for child or dependent care to enable your work, you may be eligible for this credit.
Senior Head of Household Credit: Seniors aged 65 and older who meet certain income requirements may qualify for this credit.
Why Westland Tax Services?
Navigating California’s personal income tax system can be a complex task, but with careful planning and and understanding of the various aspects of the tax code, you can make the process more manageable and potentially minimize your tax liability. At Westland Tax Services, we will ensure that you’re taking full advantage of deductions and credits available to you.
NOTE: Our consultation experts are available by appointment only.