California and Federal Income Tax Brackets for 2021
Barring a second-half income tax change from California State or the Fed (which would be unusual), below is a reference table for California and Federal Income Taxes. Note, the list of things not included, such as deductions, credits, deferred income, and specialty dividends, capital gains, or other income. For more specific information, call your CPA or head to https://www.ftb.ca.gov/ or IRS.Gov.
Federal Income Tax: Married Filing Jointly
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Tax rate |
Taxable income bracket |
Tax owed |
10% |
$0 to $19,750 |
10% of taxable income |
12% |
$19,751 to $80,250 |
$1,975 plus 12% > $19,750 |
22% |
$80,251 to $171,050 |
$9,235 plus 22% > $80,250 |
24% |
$171,051 to $326,600 |
$29,211 plus 24% > $171,050 |
32% |
$326,601 to $414,700 |
$66,543 plus 32% > $326,600 |
35% |
$414,701 to $622,050 |
$94,735 plus 35% > $414,700 |
37% |
$622,051 or more |
$167,307.50 plus 37% > $622,050 |
California Married Filing Jointly
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Tax rate |
Taxable income bracket |
Tax owed |
1% |
$0 to $17,864 |
1% of taxable income |
2% |
$17,865 to $42,350 |
$178.64 plus 2% > $17,864 |
4% |
$42,351 to $66,842 |
$668.36 plus 4% > $42,350 |
6% |
$66,843 to $92,788 |
$1,648.04 plus 6% > $66,842 |
8% |
$92,789 to $117,268 |
$3,204.80 plus 8% > $92,788 |
9.3% |
$117,269 to $599,016 |
$5,163.20 plus 9.3% > $117,268 |
10.3% |
$599,017 to $718,814 |
$49,965.76 plus 10.3% > $599,016 |
11.3% |
$718,815 to $1,198,024 |
$62,304.95 plus 11.3% > $718,814 |
12.3% |
$1,198,025 or more |
$116,455.68 plus 12.3% > $1,198,024 |
Federal Income Tax: Single Filer
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Tax rate |
Taxable income bracket |
Tax owed |
10% |
$0 to $9,875 |
10% of taxable income |
12% |
$9,876 to $40,125 |
$987.50 plus 12% > $9,875 |
22% |
$40,126 to $85,525 |
$4,617.50 plus 22% > $40,125 |
24% |
$85,526 to $163,300 |
$14,605.50 plus 24% > $85,525 |
32% |
$163,301 to $207,350 |
$33,271.50 plus 32% > $163,300 |
35% |
$207,351 to $518,400 |
$47,367.50 plus 35% > $207,350 |
37% |
$518,401 or more |
$156,235 plus 37% > $518,400 |
California Income Tax: Single Filer
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Tax rate |
Taxable income bracket |
Tax owed |
1% |
$0 to $8,932 |
1% of taxable income |
2% |
$8,933 to $21,175 |
$89.32 plus 2% > $8,932 |
4% |
$21,176 to $33,421 |
$334.18 plus 4% > $21,175 |
6% |
$33,422 to $46,394 |
$824.02 plus 6% > $33,421 |
8% |
$46,395 to $58,634 |
$1,602.40 plus 8% > $46,394 |
9.3% |
$58,635 to $299,508 |
$2,581.60 plus 9.3% > $58,634 |
10.3% |
$299,509 to $359,407 |
$24,982.88 plus 10.3% > $299,508 |
11.3% |
$359,408 to $599,012 |
$31,152.48 plus 11.3% > $359,407 |
12.3% |
$599,013 or more |
$58,227.85 plus 12.3% > $599,012 |
If you have questions on income tax deferral, tax minimization or the impact of taxes on your investment strategy, give our office a call today at 530-487-1777, or Book an Appointment Online Today