Below is a quick reference table for California and Federal Income Taxes for 2023.

To see 2024 brackets, Click HERE

Note, the list of things not included, such as deductions, credits, deferred income, and specialty dividends, capital gains, or other income.

For personal or specific information, call your CPA or head to https://www.ftb.ca.gov/ or IRS.Gov.

(Keep in Mind, California hasn’t issued guidance for the 2023 tax brackets yet. The California numbers below represent 2022 brackets. We’ll update if and when new guidance is issued)

See the Federal and California Tax Brackets table below:

California also levies a 1% mental health services tax on income exceeding $1 million, making the state's highest tax rate 13.3%

All decimals have been rounded up to the next dollar.

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.

Further Reading on some of California’s Tax Disadvantages: