The 2012 California personal income tax rates have been updated by the California Franchise Tax Board (FTB) to reflect the passage of California Proposition 30.
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 |
| $48,942 | $250,000 | $2,154.83 Plus 9.30% of amount over $48,942 |
| $250,000 | $300,000 | $20,853.22 Plus 10.30% of amount over $250,000 |
| $300,000 | $500,000 | $26,003.22 Plus 11.30% of amount over $300,000 |
| $500,000 | And over | $48,603.22 Plus 12.30% of amount over $500,000 |
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 |
| $97,884 | $500,000 | $4,309.66 Plus 9.30% of amount over $97,884 |
| $500,000 | $600,000 | $41,706.45 Plus 10.30% of amount over $500,000 |
| $600,000 | $1,000,000 | $52,006.45 Plus 11.30% of amount over $600,000 |
| $1,000,000 | And over | $97,206.45 Plus 12.30% of amount over $1,000,000 |
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 |
| $66,618 | $340,000 | $2,433.80 Plus 9.30% of amount over $66,618 |
| $340,000 | $408,000 | $27,858.33 Plus 10.30% of amount over $340,000 |
| $408,000 | $680,000 | $34,862.33 Plus 11.30% of amount over $408,000 |
| $680,000 | And over | $65,598.33 Plus 12.30% of amount over $680,000 |
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.
