California Tax FAQs

• taxmOuth California Tax FAQs

California Tax Forms

• taxmOuth California Tax Forms

California Corporate Taxes

• taxmOuth California Corporate Taxes
• California Tax Rates & Brackets:
  
  8.84%> $0
  
• Loss Carry-back/fwd: 0 Years Back / 20 Years Forward (Generally suspended for 2008 and 2009)
• Throwback Sales?: Y
• Foreign Tax Deductible?: N
• Alternative Minimum Tax (AMT): Y
• Gross Receipts Tax: N
• Capital Stock (Net Worth) Tax?: N

California Tax Incentives and Credits

• taxmOuth California Tax Credits
• Job Credits?: Y
• R&D Credits?: N
• Investment Credits?: N

California Individual Income Taxes

• taxmOuth California Individual Income Taxes
• California tax rates and brackets:
  
  1.25%> $0
  2.5%> $3,800
  4.5%> $16,994
  6.5%> $26,821
  8.25%> $37,233
  9.55%> $47,055
  10.55%> $1,000,000
  
• Local Option IT Rate: N
• Federal Inc used as Base?: Y
• Standard Deductions: Single $3,516 / Joint $7,032
• Personal Exemptions/Credits (c): Single $94 (c) / Joint $188 (c) / Dependent $294 (c)
• Federal Tax Deductible?: N
• State Tax Deductible?: Y
• Alternative Minimum Tax (AMT)?: Y

California Estate, Gift and Inheritance Taxes

• taxmOuth California Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Same as Federal
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

California Miscellaneous Taxes

• taxmOuth California Miscellaneous Taxes
• Gas Tax: 19.2 cents/gallon
• Diesel Tax: 19.2 cents/gallon
• Cigarette Tax: 87.0 cents/20 pack

California Pass-through Tax Treatment

• taxmOuth California Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Partial

California Payroll Taxes

• taxmOuth California Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #14

California Property Taxes

• taxmOuth California Property Taxes
• Median Tax Paid on Homes (Rank): $2,829 (#10)
• Median Value of Homes: $467,000
• Tax as % of Home Value (Rank): 0.61% (#37)
• Median Income of Homeowner: $81,757
• Tax as % of Income (Rank): 3.46% (#15)

California Sales and Use Taxes

• taxmOuth California Sales and Use Taxes
• State Rate: 8.25%
• County & City (Weighted Ave): 0.81%
• Combined State and Ave. Local Rates (Rank): 9.06% (#2)
• General Treatment of Services: Exempt
• Gasoline: Taxable
• Groceries: Exempt