Taxes Articles

Many Californians May Be Eligible for Beneficial Tax Credit

Sacramento State Controller John Chiang said today that many Californians may be eligible for the Federal Earned Income Tax Credit (EITC), which can deliver an instant refund of more than $5,600 to low and moderate-income individuals and families. Free tax preparation sites are available to help people claim the credit by filing their tax returns to show eligibility.


New Tax Rates

We were just reminded that capital gains tax rates are set to increase from 15% to 20% if the Bush tax cuts are not extended. Last time the capital gains tax rate went up, which was on Jan. 1, 1987 (the rates increased from 20% to 28%), investors chose to sell stock and realize their […]

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