If you have other income, your business loss first applies to reducing this income in the current tax year. If you had $20,000 in W-2 income from an employer, $2,000 in passive interest income, and $18,000 in business losses, you would pay tax on only $4,000 of income, or $22,000 minus $18,000.
Fairfield is located in northwest California. Fairfield is part of Solano County. Fairfield has 37.39 square miles of land area and 0.25 square miles of water area. As of 2010, the total Fairfield population is 105,321, which has grown 9.51% since 2000. The population growth rate is about the same as the state average rate of 9.99% and is about the same as the national average rate of 9.71%.
About Fairfield. Demographics. Formally incorporated in 1903, Fairfield is a thriving community where healthy families and strong businesses can flourish. The county seat since 1858, Fairfield represents a diverse, bustling economy in the heart of Solano County. In Fairfield, small town values remain, but weâre not just an attractive, tree-lined, bedroom community serving the San Francisco and Sacramento metropolitan areas.