![]() ![]() Like the Federal Income Tax, California's income tax allows couples filing jointly to pay a lower overall rate on their combined income with wider tax brackets for joint filers.Ĭalifornia's maximum marginal income tax rate is the 1st highest in the United States, ranking directly below California's %. The dependent exemption credit will increase from $378 per dependent claimed in 2019 to $383 per dependent claimed for 2020.California collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets. For joint or surviving spouse taxpayers, the personal and senior exemption credit will increase from $244 to $248 for the tax year 2020. The personal and senior exemption amount for single, married/RDP filing separately, and head of household taxpayers will increase from $122 to $124 for the 2020 tax year 2020. The standard deduction amount for single or separate taxpayers will increase from $4,537 to $4,601 for tax year 2020.įor married filing/Registered Domestic Partner (RDP) jointly, qualifying widower, or head of household taxpayers, the standard deduction increases from $9,074 to $9,202 for tax year 2020. The inflation rate, as measured by the CCPI for all urban consumers from June of 2019 to June of 2020, was 1.4%. Use if your filing status is Head of Household ![]() Use if your filing status is Married/RDP Filing Jointly or Qualifying Widow(er) ![]() Use if your filing status is Single or Married/RDP Filing Separately ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |