2013 California Tax Rates and Exemptions
The rate of inflation in California, for the period from July 1, 2012, through June 30, 2013, was 1.7%. The 2013 personal income tax brackets are indexed by this amount.
CA Individual tax rates
1)The maximum rate for individuals is 12.3%.
2)The AMT rate for individuals is 7%.
3)The Mental Health Services Tax Rate is 1% for taxable income in excess of $1,000,000.
CA Personal Exemptions for 2013
1) Married/Registered Domestic.
2) Partner (RDP) filing jointly or qualifying widow(er) $212.
3) Single, married/RDP filing separately, or head of household $106.
4) Dependent $326.
5) Blind $106.
6) Age 65 or older $106.
CA Standard Deductions for 2013
1) Married/Registered Domestic Partner (RDP) filing jointly $212
2) Single, married/RDP filing separately, or head of household $106
3) Dependent $326
4) Blind $106
5) Age 65 or older $106
CA Miscellaneous credits
Qualified senior head of household credit
1)2% of California taxable income
2)Maximum California AGI of $67,520
3)Maximum credit of $1,272[/indent]
Source:
The rate of inflation in California, for the period from July 1, 2012, through June 30, 2013, was 1.7%. The 2013 personal income tax brackets are indexed by this amount.
CA Individual tax rates
1)The maximum rate for individuals is 12.3%.
2)The AMT rate for individuals is 7%.
3)The Mental Health Services Tax Rate is 1% for taxable income in excess of $1,000,000.
CA Personal Exemptions for 2013
1) Married/Registered Domestic.
2) Partner (RDP) filing jointly or qualifying widow(er) $212.
3) Single, married/RDP filing separately, or head of household $106.
4) Dependent $326.
5) Blind $106.
6) Age 65 or older $106.
CA Standard Deductions for 2013
1) Married/Registered Domestic Partner (RDP) filing jointly $212
2) Single, married/RDP filing separately, or head of household $106
3) Dependent $326
4) Blind $106
5) Age 65 or older $106
CA Miscellaneous credits
Qualified senior head of household credit
1)2% of California taxable income
2)Maximum California AGI of $67,520
3)Maximum credit of $1,272[/indent]
Source:
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