Thank you for your support.The Union-Tribune sat down with Anderson to understand what issues might affect people filing taxes in San Diego.San Diegans, along with residents of dozens of other counties throughout California, have almost a whole extra month to file their taxes this year. This applies to both federal andWhy? The deadline has been extended for residents of federally declared disaster areas, Anderson said.
: “During a review, the IRS determined it will not challenge the taxability of payments related to general welfare and disaster relief.” The change: starting with 2021 taxes, business owners can change how they pay taxes and lower their individual tax burden as a consequence. He said small businesses that qualify can now pay state and local taxes through their “qualifying pass-through entity” — for example, S corporations or partnerships — which in turn reduces their personal income tax.“For taxable years beginning on or after January 1, 2021, and before January 1, 2026, qualifying pass-through entities may annually elect to pay an entity-level state tax on income.