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%.
Redding, officially the City of Redding, is the county seat of Shasta County, California, in the northern part of the state. It is located on the Sacramento River, which provided transportation and power in its early years. Interstate 5 passes close to the city, which has a population of 89,861. Redding is the largest city in the Shasta Cascade region, and it is the fourth-largest city in the Sacramento Valley, behind Sacramento, Elk Grove, and Roseville.