2012 CA Tax Rate Schedules
Single, Married/RDP Filing Separate, and Fiduciaries
$0–$7,455
$0.00 + 1% of amount over $0.00
$7,455.01–$17,676
$74.55 + 2% of amount over $7,455
$17,676.01–$27,897
$278.97 + 4% of amount over $17,676
$27,897.01–$38,726
$687.81 + 6% of amount over $27,897
$38,726.01–$48,942
$1,337.55 + 8% of amount over $38,726
$48,942.01–$250,000
$2,154.83 + 9.3% of amount over $48,942
$250,000.01–$300,000
$20,853.22 + 10.3% of amount over $250,000
$300,000.01–$500,000
$26,003.22 + 11.3% of amount over $300,000
$500,000.01 and over
$48,603.22 + 12.3% of amount over $500,000
Note: California has a 1% surtax on taxable income above $1,000,000
Married/RDP Filing Joint, and Surviving Spouse with Dependents
$0–$14,910
$0.00 + 1% of amount over $0.00
$14,910.01–$35,352
$149.10 + 2% of amount over $14,910
$35,352.01–$55,794
$557.94 + 4% of amount over $35,352
$55,794.01–$77,452
$1,375.62 + 6% of amount over $55,794
$77,452.01–$97,884
$2,675.10 + 8% of amount over $77,452
$97,884.01–$500,000
$4,309.66 + 9.3% of amount over $97,884
$500,000.01–$600,000
$41,706.45 + 10.3% of amount over $500,000
$600,000.01–$1,000,000
$52,006.45 + 11.3% of amount over $600,000
$1,000,000.01 and over
$97,206.45 + 12.3% of amount over $1,000,000
Note: California has a 1% surtax on taxable income above $1,000,000
Unmarried Head of household
$0–$14,920
$0.00 + 1% of amount over $0.00
$14,920.01–$35,351
$149.20 + 2% of amount over $14,920
$35,351.01–$45,571
$557.82 + 4% of amount over $35,351
$45,571.01–$56,400
$966.62 + 6% of amount over $45,571
$56,400.01–$66,618
$1,616.36 + 8% of amount over $56,400
$66,618.01–$340,000
$2,433.80 + 9.3% of amount over $66,618
$340,000.01–$408,000
$27,858.33 + 10.3% of amount over $340,000
$408,000.01–$680,000
$34,862.33 + 11.3% of amount over $408,000
$680,000.01 and over
$65,598.33 + 12.3% of amount over $680,000
Note: California has a 1% surtax on taxable income above $1,000,000
Exemption credits
Married/RDP filing joint, and surviving spouse
$208
Single, married filing separate, blind, age 65 or older, and head of household
$104
Dependent
$321
Phaseout of exemption credits
Reduce each credit by:
For each:
Federal AGI exceeds:
Single
$6
$2,500
$169,730
Married filing separate
$6
$1,250
$169,730
Head of household
$6
$2,500
$254,599
Married filing joint
$12
$2,500
$339,464
Surviving spouse
$12
$2,500
$339,464
Reduction in itemized deductions
Itemized deductions must be reduced by the lesser of 6% of the excess of the taxpayer’s federal AGI over the threshold amount or 80% of the amount of itemized deductions otherwise allowed for the taxable year.
Single and married filing separate
$169,730
Head of household
$254,599
Married filing joint and surviving spouse
$339,464
Standard deductions
Single and married filing separate
$3,841
Married filing joint, RDP, head of household, and surviving spouse
$7,682
Minimum standard deduction for dependents
$950
Miscellaneous credits
Qualified Senior Head of Household Credit is 2% of California taxable income, with a maximum California AGI of $66,391, and a maximum credit of
$1,251
Joint Custody Head of Household Credit and Dependent Parent Credit are each 30% of net tax, with a maximum credit of
$409
Nonrefundable Renter’s Credit
This nonrefundable, noncarryover credit for renters is available for:
Single and married filing separate with a California AGI of $36,337 or less
$60 credit
Married filing joint, RDP, head of household, and surviving spouse with a California AGI of $72,674 or less
$120 credit
Individual tax rates
Maximum rate for individuals
12.3%
AMT rate for individuals
7%
AMT exemption
Married/RDP filing joint, and surviving spouse
$83,225
Single and head of household
$62,420
Married filing separate, estates, and trusts
$41,612
AMT exemption phaseout
Married/RDP filing joint, and surviving spouse
$312,095
Single and head of household
$234,072
Married filing separate, estates, and trusts
$156,047
FTB cost recovery fees
Bank and corporation filing enforcement fee
$89
Bank and corporation collection fee
$269
Personal income tax filing enforcement fee
$82
Personal income tax collection fee
$159
The personal income tax fees apply to individuals and partnerships, as well as limited liability companies that are classified as partnerships. The bank and corporation fees apply to banks and corporations, as well as limited liability companies that are classified as corporations. Interest does not accrue on these cost recovery fees.
Corporate tax rates
Corporations other than banks and financials
8.84%
Banks and financials
10.84%
AMT rate
6.65%
S corporation rate
1.5%
S corporation bank and financial rate
3.5%