get your California Tax Credits, guaranteed
California has high taxes. There’s no other way to put it. However, with federal tax credits, combined with California’s state tax credits, you can also take advantage of significant cash savings.
For the most effective tax credits strategy, be sure to start with the federal renewable energy tax credits with Veritas. Then supplement with California tax credits if and as needed.
How to get your California Tax Credits
- Step 1 – Book your appointment (2 mins.)
- Complete our quick and easy form to collect the information needed to review tax credit options for you.
- Step 2 – Meet with Veritas (5 mins.)
- On a phone or video call, Veritas can walk you through your tax credit options.
- Step 3 – Complete Documents
- One you’ve found the right tax credit opportunities, you can complete the documents to claim your credits in California!
California State Taxes Explained
California is one of the highest tax states. Read more about their state taxes and how you can mitigate then.
Understanding how California treats capital gains will help you better plan your taxes.
Business Owners
Find out how Veritas can help your business save on your taxes.
Tax Credits in California
Trusted by professionals
Plastic Surgeon
A plastic surgeon in California saved $307K in total taxes.
Attorney
An attorney in California was able to reduce their active income by over $750K.
Business Owner
A business owner in California offset $4.2M of business income.
get your california tax credits in minutes
Investment Tax Credits, particularly in renewable energy, offer dollar-for-dollar reductions in your tax liability. The Inflation Reduction Act of 2022 has made these credits more accessible and valuable, providing up to 30% of qualified expenditures through 2032. These credits have real cash value and can be monetized through various structures, making them an attractive option for tax reduction strategies. Once you’ve maximized those credits it would be smart to consider other California state level tax credits.
cost of tax credits in california
| Range | Transferable RETC | RETC Tax Equity | Other State Credits |
|---|---|---|---|
| Low | $.85 | $1.10 | $.90 |
| High | $.95 | $1.50 | $.97 |
Why is veritas the best place to get your california state credits?
Because….
| Benefits | VERITAS | Private Equity Groups | Marketplaces |
|---|---|---|---|
| Same Day Appointments |  |  | |
| Controlled Credits Available | | | |
| Third Party Credits Available | | | |
| Increments < $50k | | ||
| Multiple Guarantors | | ||
| One on One Advisors | | |
what type of income can you use california tax credits for?
For the most effective tax credits strategy, be sure to start with the federal renewable energy tax credits with Veritas. Then supplement with California tax credits if and as needed.
Pathways to California Tax Credits
There are three primary ways to acquire tax credits:
1. Generate Credits Through Projects or Investments
Installing renewable energy systems, such as solar panels at your home or business, generates valuable federal tax credits. These credits can be used personally or transferred to other parties. For solar investments, contact GoBien – Solar Sales for specialized guidance on installing commercial solar.
2. Purchase Existing Credits
The Inflation Reduction Act has enhanced the transferability of renewable tax credits. You can now enter into agreements to purchase credits from generators who cannot fully utilize them, creating a win-win situation for both parties.
3. Tax Equity Structures
Various tax equity arrangements help optimize tax advantages, including:
- Sale-leaseback arrangements
- Partnership flip structures
- Hybrid structures
California has high taxes. There’s no other way to put it. However, with federal tax credits, combined with California’s state tax credits, you can also take advantage of significant cash savings.
For the most effective tax credits strategy, be sure to start with the federal renewable energy tax credits with Veritas. Then supplement with California tax credits if and as needed.
california tax credits faq
Do I qualify for California tax credits?
Yes, if you pay any kind of income tax, there are tax credits available for you.
Can I use California tax credits to offset ordinary income?
Yes, for ordinary income there are tax credits available. You may need to participate in different tax equity structures, or switch to federal credits, but that’s what Veritas is here for.
Do I need a new CPA to work with Veritas on California tax credits?
No, we can work with your CPA. We do not have CPAs for individual tax returns. We will work with your current CPA to ensure they appropriately claim your credit.
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