how much is california state income tax

How much is California State Income Tax?

California State Income Tax is based on a progressive tax system, which means the rate of tax increases as your income increases. The tax rates range from 1% to 13.3% of your taxable income.

In addition to the state income tax, there is also a federal income tax that must be paid by California residents. This tax is also progressive and ranges from 10% to 37% of taxable income.

California also has a number of tax credits and deductions that can help reduce the overall amount of state income tax owed. These include the Earned Income Tax Credit, the Child and Dependent Care Credit, and the California College Access Tax Credit, among others.

It's important to note that the amount of state income tax you owe can also be affected by factors such as your filing status, exemptions, and other sources of income.

When it comes to calculating your state income tax, it's best to consult with a tax professional or use a reliable tax software to ensure that you are taking advantage of all available deductions and credits, and accurately reporting your income.

About me

Hello,My name is Aparna Patel,I’m a Travel Blogger and Photographer who travel the world full-time with my hubby.I like to share my travel experience.

Search Posts

Latest posts

Popular posts