MyFTB accountIndexingOctober 2021 Tax News
Announcing the 2021 Tax Year Indexed Amounts for California Taxes
We update the following annually:
- State income tax brackets
- Filing requirement thresholds
- The standard deduction
- Certain credits for inflation (based on the California Consumer Price Index (CCPI)
This year the inflation rate, as measured by the CCPI for all urban consumers from June of 2020 to June of 2021, was 4.4%. Last year, California’s inflation rate that measured 1.4%.
The following are some of the changes:
| Filing Status | 2020 Amounts | 2021 Amounts |
|---|---|---|
| Standard deduction for single or married filing separate taxpayers | $4,601 | $4,803 |
| Standard deduction for joint, surviving spouse, or head of household taxpayers | $9,202 | $9,606 |
| Personal exemption credit amount for single, separate, and head of household taxpayers | $124 | $129 |
| Personal exemption credit amount for joint filers or surviving spouses | $248 | $258 |
| Dependent exemption credit | $383 | $400 |
| Renter’s Credit is available for single filers with adjusted gross incomes of | $43,533 or less | $45,448 or less |
| Renter’s Credit is available for joint filers with adjusted gross incomes of | $87,066 or less | $90,896 or less |
The complete 2021 tax rates and exemption amounts will be available on FTB’s website in late December.
2021 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 | $9,325 | $0.00 + 1.00% of the amount over $0 |
| 9,325 | 22,107 | 93.25 + 2.00% of the amount over 9,325 |
| 22,107 | 34,892 | 348.89 + 4.00% of the amount over 22,107 |
| 34,892 | 48,435 | 860.29 + 6.00% of the amount over 34,892 |
| 48,435 | 61,214 | 1,672.87 + 8.00% of the amount over 48,435 |
| 61,214 | 312,686 | 2,695.19 + 9.30% of the amount over 61,214 |
| 312,686 | 375,221 | 26,082.09 + 10.30% of the amount over 312,686 |
| 375,221 | 625,369 | 32,523.20 + 11.30% of the amount over 375,221 |
| 625,369 | & OVER | 60,789.92 + 12.30% of the amount over 625,369 |
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 | $18,650 | $0.00 +1.00% of the amount over $0 |
| 18,650 | 44,214 | 186.50 +2.00% of the amount over 18,650 |
| 44,214 | 69,784 | 697.78 +4.00% of the amount over 44,214 |
| 69,784 | 96,870 | 1,720.58 + 6.00% of the amount over 69,784 |
| 96,870 | 122,428 | 3,345.74 + 8.00% of the amount over 96,870 |
| 122,428 | 625,372 | 5,390.38 + 9.30% of the amount over 122,428 |
| 625,372 | 750,442 | 52,164.17 + 10.30% of the amount over 625,372 |
| 750,442 | 1,250,738 | 65,046.38 + 11.30% of the amount over 750,442 |
| 1,250,738 | & OVER | 121,579.83 + 12.30% of the amount over 1,250,738 |
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 | $18,663 | $0.00 + 1.00% of the amount over $0 |
| 18,663 | 44,217 | 186.63 + 2.00% of the amount over 18,663 |
| 44,217 | 56,999 | 697.71 + 4.00% of the amount over 44,217 |
| 56,999 | 70,542 | 1,208.99 + 6.00% of the amount over 56,999 |
| 70,542 | 83,324 | 2,021.57 + 8.00% of the amount over 70,542 |
| 83,324 | 425,251 | 3,044.13 + 9.30% of the amount over 83,324 |
| 425,251 | 510,303 | 34,843.34 + 10.30% of the amount over 425,251 |
| 510,303 | 850,503 | 43,603.70 + 11.30% of the amount over 510,303 |
| 850,503 | & OVER | 82,046.30 + 12.30% of the amount over 850,503 |