Monday, January 25, 2010

Tax Law Changes for California State Tax 2009

For Current Tax Year 2009, California government modified various limits. This information will help you to file and estimate your taxes.




California standard deduction amount

For single or married  filing separately amount is decrease from $3,692 to $3,637 for tax year 2009.

For those who file married/RDP filing jointly, surviving spouse, or head of household taxpayers, the standard deduction decrease from $7,384 to $7,274 for tax year 2009.

California Personal Exemption Credit

For single or married  filing separately is decrease from $99 to $98 for tax year 2009.

For those who file married/RDP filing jointly taxpayers, amount decrease from $198 to $196 for tax year 2009.

Exemption credit for Dependent change to $98 for Tax year 2009.

Exemption credit for Blind change to $98 for Tax year 2009.

Exemption credit for Age 65 or older change to $98 for Tax year 2009.

Same way, the limits for the tax tables and tax rates are also changed. You can find out more information for changes in california state tax ranges on the State government website link as below. http://ftb.ca.gov/forms/2009_California_Tax_Rates_and_Exemptions.shtml

Please comment on the quality and usefulness of the article.

No comments:

Post a Comment