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Abstract
The California Franchise Tax Board has released the 2010 California personal income tax rate schedules, return filing thresholds, standard deduction amounts, itemized deduction limitation amounts, personal exemption amounts, credit amounts, and alternative minimum tax exemption amounts. For 2010, the indexed personal income tax rates, which include the 0.25% surcharge, for single taxpayers and married taxpayers filing separately range from 1.25% of the first $7,124 (formerly, $7,060) of taxable income to 9.55% of taxable income over $46,766 (formerly, $46,349). For the 2010 taxable year, a single taxpayer or head of household taxpayer must file a return if the taxpayer's adjusted gross income (AGI) exceeds an amount ranging from $11,803 to $21,208 (formerly, $11,698 to $21,008), or if the taxpayer's gross income exceeds an amount ranging from $14,754 to $35,283 (formerly, $14,622 to $23,932).