California Tax Rates 2017

Corporate tax rates

Entity type	Tax rate
Corporations other than banks and financials	8.84%
Banks and financials	10.84%
Alternative Minimum Tax (AMT) rate	6.65%
S corporation rate	1.5%
S corporation bank and financial rate	3.5%

Individual tax rates

The maximum rate for individuals is 12.3%
The AMT rate for individuals is 7%
The Mental Health Services Tax Rate is 1% for taxable income in excess of $1,000,000.

Exemption credits

Filing Status/Qualification	Exemption amount
Married/Registered Domestic Partner (RDP) filing jointly or qualifying widow(er)	$228
Single, married/RDP filing separately, or head of household	$114
Dependent	$353
Blind	$114
Age 65 or older	$114

Phaseout of exemption credits

Higher-income taxpayers' exemption credits are reduced as follows:

Filing status	Reduce each credit by:	For each:	Federal AGI exceeds:
Single	$6	$2,500	$187,203
Married/RDP filing separately	$6	$1,250	$187,203
Head of household	$6	$2,500	$280,808
Married/RDP filing jointly	$12	$2,500	$374,411
Qualifying widow(er)	$12	$2,500	$374,411

When applying the phaseout amount, apply the $6/$12 amount to each exemption credit, but do not reduce the credit below zero. If a personal exemption credit is less than the phaseout amount, do not apply the excess against a dependent exemption credit.

Standard deductions

The standard deduction amounts for:

Filing status	Deduction amount
Single or married/RDP filing separately	$4,236
Married/RDP filing jointly, head of household, or qualifying widow(er)	$8,472
The minimum standard deduction for dependents	$1,050

Reduction in itemized deductions

Itemized deductions must be reduced by the lesser of 6% of the excess of the taxpayer's federal AGI over the threshold amount or 80% of the amount of itemized deductions otherwise allowed for the taxable year.

Filing status	AGI threshold
Single or married/RDP filing separately	$187,203
Head of household	$280,808
Married/RDP filing jointly or qualifying widow(er)	$374,411

Schedule X — Single or married/RDP filing separately

If the taxable income is
Over	But not over	Tax is			Of amount over
$0	$8,223	$0.00	plus	1.00%	$0
$8,223	$19,495	$82.23	plus	2.00%	$8,223
$19,495	$30,769	$307.67	plus	4.00%	$19,495
$30,769	$42,711	$758.63	plus	6.00%	$30,769
$42,711	$53,980	$1,475.15	plus	8.00%	$42,711
$53,980	$275,738	$2,376.67	plus	9.30%	$53,980
$275,738	$330,884	$23,000.16	plus	10.30%	$275,738
$330,884	$551,473	$28,680.20	plus	11.30%	$330,884
$551,473	AND OVER	$53,606.76	plus	12.30%	$551,473

Schedule Y — Married/RDP filing jointly, or qualifying widow(er) with dependent child

If the taxable income is
Over	But not over	Tax is			Of amount over
$0	$16,446	$0.00	plus	1.00%	$0
$16,446	$38,990	$164.46	plus	2.00%	$16,446
$38,990	$61,538	$615.34	plus	4.00%	$38,990
$61,538	$85,422	$1,517.26	plus	6.00%	$61,538
$85,422	$107,960	$2,950.30	plus	8.00%	$85,422
$107,960	$551,476	$4,753.34	plus	9.30%	$107,960
$551,476	$661,768	$46,000.33	plus	10.30%	$551,476
$661,768	$1,102,946	$57,360.41	plus	11.30%	$661,768
$1,102,946	AND OVER	$107,213.52	plus	12.30%	$1,102,946

Schedule Z — Head of household

If the taxable income is
Over	But not over	Tax is			Of amount over
$0	$16,457	$0.00	plus	1.00%	$0
$16,457	$38,991	$164.51	plus	2.00%	$16,457
$38,991	$50,264	$615.25	plus	4.00%	$38,991
$50,264	$62,206	$1,066.17	plus	6.00%	$50,264
$62,206	$73,477	$1,782.69	plus	8.00%	$62,206
$73,477	$375,002	$2,684.37	plus	9.30%	$73,477
$375,002	$450,003	$30,726.20	plus	10.30%	$375,002
$450,003	$750,003	$38,451.30	plus	11.30%	$450,003
$750,003	AND OVER	$72,351.30	plus	12.30%	$750,003