california income tax calculator

The 2023 standard deduction allows taxpayers to reduce their taxable income by $5,363 for single filers or couples filing separately ($10,726 for married filing jointly, head of household and qualifying surviving spouses). Medical and dental expenses 2. California allows taxpayers to report gains and losses from the sale of capital assets. This is a nonrefundable tax credit. Free calculator with accurate ca tax rates and brackets for 2025. Enter your gross salary, filing status, deductions, and other details to see how much income tax, state tax, federal tax, and other taxes you will pay. How does the california tax calculator work? The damage must be sudden, unexpected or unusual from an earthquake, fire, flood or similar event. The amount of the credit ranges from $285 to $3,529. You can also qualify for the young child tax credit (yctc) if you if you earn less than $30,931 and have a qualifying child under the age of 6. Calculate california state income tax combined with federal taxes. The state income tax rates range from 1% to 12. 3% , and the sales tax rate is 7. 25% to 10. 75%. You are required to file a california tax return if you receive income from california sources, have income above a certain thresholdand fall into one of the following categories: The state of california allows a deduction for a disaster losssuffered in california. Customize using your filing status, deductions, exemptions and more. Disaster loss deduction The college access tax credit Generally, the state of california requires you to pay taxes if you are a resident or nonresident that receives income from a california source. Part-year resident 3. Mortgage interest on home purchases up to $1,000,000 3. A taxpayer may deduct a casualty loss caused by a disaster declared by the president or the governor. If you qualify for the yctc, you may receive up to $1,117. California provides property tax exemptions for homeowners, veterans, nonprofit and religious organizations, public schools, landlords and owners of qualifying personal property (such as certain artworks). The caleitc or yctc tax credits Our comprehensive calculator helps california residents and non-residents optimize their state tax strategy and understand their complete tax liability. The credit is nonrefundable, which means it can offset only the amount that you owe in taxes. The child and dependent care credit Property tax exemptions See full list on forbes. com A taxpayer may qualify for the itemized deduction if the amounts exceed the standard deduction. Job expenses and certain miscellaneous expenses 4. You can claim the child and dependent care credit if you paid someone to care for your child, a dependent or spouse while you worked. California offers a standard and itemized deduction for taxpayers. Gambling losses, which are deductible to the extent of gambling winnings California allows taxpayers to contribute to a state fund that provides financial aid for low- income students to attend college. Taxpayers who make these contributions can claim up to 50% of their contributions on their tax return. You can claim the california earned income tax credit (caleitc) if you work and have low income (up to $30,950). · find out how much youll pay in california state income taxes given your annual income. How to calculate income tax in california? Calculate your tax using our calculator or look it up in a table of rates. Calculate your california state income tax with precision using the latest 2025 tax rates and brackets. California offers tax deductions and credits to reduce your state tax liability, including a standard deduction. You can claim a casualty loss if you do not receive an insurance reimbursement or other type of reimbursement for the property that is destroyed or damaged. Use our california (ca) state tax calculator for 2026 to estimate income tax accurately. Both credits are refundable. Calculate your total tax costs in california for the tax year 2024/25 with this online tool. Unlike federal income taxes, which may involve lower rates on capital gains, the state of california taxes capital gains as ordinary income. Earned income tax credit: What are the taxes on a paycheck in california? California allows for itemized deductions as follows: