The new tax schedules reflecting the passage of California Proposition 30 can be found here.

The 2012 California personal income tax standard deduction amounts, personal exemption amounts and the renter’s credit adjusted gross income (AGI) thresholds have been released by the California Franchise Tax Board (FTB).

Schedule X — Single or married/RDP filing separately

If the taxable income is:

Over:But not over:Tax is:
$0$7,455$0.00        Plus 1.00% of amount over $0
$7,455$17,676$74.55      Plus 2.00% of amount over $7,455
$17,676$27,897$278.97    Plus 4.00% of amount over $17,676
$27,897$38,726$687.81    Plus 6.00% of amount over $27,897
$38,726$48,942$1,337.55 Plus 8.00% of amount over $38,726
$48,942And over$2,154.83 Plus 9.30% of amount over $48,942

Schedule Y — Married/RDP filing jointly, or qualifying widow(-er) with dependent child

If the taxable income is:

Over:But not over:Tax is:
$0$14,910$0.00        Plus 1.00% of amount over $0
$14,910$35,352$149.10    Plus 2.00% of amount over $14,910
$35,352$55,794$557.94    Plus 4.00% of amount over $35,352
$55,794$77,452$1,375.62 Plus 6.00% of amount over $55,794
$77,452$97,884$2,675.10 Plus 8.00% of amount over $77,452
$97,884And over$4,309.66 Plus 9.30% of amount over $97,884

Schedule Z — Head of household

If the taxable income is:

Over:But not over:Tax is:
$0$14,920$0.00        Plus 1.00% of amount over $0
$14,920$35,351$149.20    Plus 2.00% of amount over $14,920
$35,351$45,571$557.82    Plus 4.00% of amount over $35,351
$45,571$56,400$966.62    Plus 6.00% of amount over $45,571
$56,400$66,618$1,616.36 Plus 8.00% of amount over $56,400
$66,618And over$2,433.80 Plus 9.30% of amount over $66,618

The standard deduction is:

  • $3,841 for single taxpayers and married taxpayers filing separate returns, an increase from $3,769 in 2011; and
  • $7,682  for married taxpayers filing jointly, surviving spouses and heads of households, an increase from $7,538 in 2011.

Personal exemptions amounts are:

  • $104 for single taxpayers, married taxpayers filing separately and heads of households, an increase from $102 in 2011;
  • $208 for married taxpayers filing jointly and surviving spouses, an increase from $204 in 2011; and
  • $315 to $321 for dependents.

The renter’s credit against personal income tax ($60 for single filers and $120 for joint filers) is available for:

  • single filers with AGIs of $36,337, an increase from  $35,659 in 2011; and
  • joint filers with AGIs of $72,674, an increase from  $71,318 in 2011.

Additional information about the 2012 tax rates, exemptions and other tax amounts can be found on the FTB website.

Re: “California – Personal Income Tax: 2011 Standard Deduction, Personal Exemptions and Other Amounts Released” from CCH