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Financial Planning / Tax Strategies


Subject:  Safe Harbor State of California Date:  7/13/2013  2:31 PM
Author:  vkg Number:  118861 of 127549

Is the State of California safe harbor similar to federal, 110% of last years tax liability?

I intend on increasing withholding to reach this amount for federal and state, and pay the additional taxes on the sale of our primary residence with our tax return.

I am collecting all of the information, and work with our tax person to determine the taxable income and tax liability. I don't want to be dealing with this in March when I have had time to forget, am dealing with family members tax returns, and the tax person is buried.
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