noviembre 2020

Unlike some states, California does not have a flat tax rate. Instead, there are nine income tax brackets, ranging from 1% to 12.3%, depending on your taxable income and filing status. High earners may also face an additional 1% mental health services tax on income over $1 million. CA State Tax Information & Rates Also, if you have capital gains, note that they are taxed at the same rate as ordinary income in California. Properly accounting for all income sources is important. If eligible for credits, subtract them from your calculated tax. Income Tax Calculator: Calculate Your Tax Refund Remember, deductions reduce the income subject to tax.Self-employed individuals, freelancers, and gig workers face additional challenges.This free tax calculator will provide you with your esimtated tax return results.Your tax bracket is the one in which your last earned dollar in any given tax period