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California federal tax rate10/2/2023 ![]() Use the tables below to calculate your tax bill. Your tax brackets and rates are based on your filing status as well as your taxable ordinary income. Work with your fee-only financial planner to develop a plan to help minimize your federal and California state taxes. The seven federal income tax brackets for the 2022 tax year are 10, 12, 22, 24, 32, 35, and 37. At 7.25, California has the highest minimum statewide sales tax rate in the United States, which can total up to 10.75 with local sales taxes included. With the stock market soaring to record highs in 2020 and many Californians earning high incomes- even during the COVID Recession- tax planning is a must. Los Angeles Times via Getty ImagesĬalifornia state tax rates and tax bracketsĬalifornia Tax Brackets for Single TaxpayersĬalifornia Tax Brackets for Married/Registered Domestic Partner (RDP) Filing Jointly Taxpayers (and Qualifying Widowers)įor other the Calfornia Income Tax Rate for other filing status visit the Franchise Tax Board site. Capital Gains Taxes in California are sky high. Tax rate Corporations other than banks and financials: 8.84: Banks and financials: 10.84: Alternative Minimum Tax (AMT) rate: 6.65: S corporation rate: 1.5: S corporation bank and financial rate: 3.5: You are leaving ftb.ca.gov.
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