MyFTB accountStandard deductions, exemption amounts, and tax rates for 2020 tax year November 2020 Tax News
Each year, we update for inflation (based on the California Consumer Price Index (CCPI) as defined in the Revenue and Taxation Code), the California:
- Standard deduction.
- Personal/Senior exemption amounts.
- Tax rate schedules.
The inflation rate, as measured by the CCPI for all urban consumers from June of 2019 to June of 2020, was 1.4%.
The standard deduction amount for single or separate taxpayers will increase from $4,537 to $4,601 for tax year 2020.
For married filing/Registered Domestic Partner (RDP) jointly, qualifying widower, or head of household taxpayers, the standard deduction increases from $9,074 to $9,202 for tax year 2020.
The personal and senior exemption amount for single, married/RDP filing separately, and head of household taxpayers will increase from $122 to $124 for the 2020 tax year 2020. For joint or surviving spouse taxpayers, the personal and senior exemption credit will increase from $244 to $248 for the tax year 2020.
The dependent exemption credit will increase from $378 per dependent claimed in 2019 to $383 per dependent claimed for 2020.
2020 California Tax Rate Tables
Schedule X
Use if your filing status is Single or Married/RDP Filing Separately
If the amount on Form 540, line 19 is
| Over - | But not over - | Enter on Form 540, line 31 |
|---|---|---|
| $0 | $8,932 | $0.00 + 1.00% of the amount over $0 |
| 8,932 | 21,175 | 89.32 + 2.00% of the amount over 8,932 |
| 21,175 | 33,421 | 334.18 + 4.00% of the amount over 21,175 |
| 33,421 | 46,394 | 824.02 + 6.00% of the amount over 33,421 |
| 46,394 | 58,634 | 1,602.40 + 8.00% of the amount over 46,394 |
| 58,634 | 299,508 | 2,581.60 + 9.30% of the amount over 58,634 |
| 299,508 | 359,407 | 24,982.88 + 10.30% of the amount over 299,508 |
| 359,407 | 599,012 | 31,152.48 + 11.30% of the amount over 359,407 |
| 599,012 | AND OVER | 58,227.85 + 12.30% of the amount over 599,012 |
Schedule Y
Use if your filing status is Married/RDP Filing Jointly or Qualifying Widow(er)
If the amount on Form 540, line 19 is
| Over - | But not over - | Enter on Form 540, line 31 |
|---|---|---|
| $0 | $17,864 | $0.00 + 1.00% of the amount over $0 |
| 17,864 | 42,350 | 178.64 + 2.00% of the amount over 17,864 |
| 42,350 | 66,842 | 668.36 + 4.00% of the amount over 42,350 |
| 66,842 | 92,788 | 1,648.04 + 6.00% of the amount over 66,842 |
| 92,788 | 117,268 | 3,204.80 + 8.00% of the amount over 92,788 |
| 117,268 | 599,016 | 5,163.20 + 9.30% of the amount over 117,268 |
| 599,016 | 718,814 | 49,965.76 + 10.30% of the amount over 599,016 |
| 718,814 | 1,198,024 | 62,304.95 + 11.30% of the amount over 718,814 |
| 1,198,024 | AND OVER | 116,455.68 + 12.30% of the amount over 1,198,024 |
Schedule Z
Use if your filing status is Head of Household
If the amount on Form 540, line 19 is
| Over - | But not over - | Enter on Form 540, line 31 |
|---|---|---|
| $ 0 | $17,864 | $0.00 + 1.00% of the amount over $0 |
| 17,864 | 42,353 | 178.64 + 2.00% of the amount over 17,864 |
| 42,353 | 54,597 | 668.36 + 4.00% of the amount over 42,353 |
| 54,597 | 67,569 | 1,158.06 + 6.00% of the amount over 54,597 |
| 67,569 | 79,812 | 1,936.38 + 8.00% of the amount over 67,569 |
| 79,812 | 407,329 | 2,915.82 + 9.30% of the amount over 79,812 |
| 407,329 | 488,796 | 33,374.90 + 10.30% of the amount over 407,329 |
| 488,796 | 814,658 | 41,766.00 + 11.30% of the amount over 488,796 |
| 814,658 | AND OVER | 78,588.41 + 12.30% of the amount over 814,658 |