How are Bonuses Taxed in California?
Key Takeaways Bonuses = Supplemental Income —In California, bonuses are classified as supplemental wages and subject to special withholding rules rather than treated as ordinary wages. Flat State Rate...
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How Federal Tax on Lottery Winnings Affects Your Payout?
*The following article was updated in November 2023* Lottery winnings are taxable as income at federal and state levels. The IRS applies a 24% federal tax, while California state...
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It’s Never Too Early to Prepare for the 2026 Tax Filing Season
It’s not quite the end of 2025 and tax season may seem like quite a way off. However, as a taxpayer and business owner, there are things you can...
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