California Income Tax Calculator
Understanding California Taxes (2024)
Calculating your California taxes involves state, federal, and FICA (Social Security & Medicare) taxes. This calculator helps you estimate your take-home pay by considering these key components.
California State Income Tax
California has one of the highest state income tax rates in the nation, with a progressive system ranging from 1% to 12.3% for 2024. Your specific tax rate depends on your income level and filing status.
- Taxable Income: Your California taxable income generally starts with federal AGI with state-specific adjustments.
- Standard Deduction (2024): $5,202 for Single/Married Filing Separately, $10,404 for Married Filing Jointly and Head of Household.
- Exemption Credits: $142 per taxpayer and spouse, $383 per dependent.
- Tax Brackets: The calculator uses the official 2024 California tax brackets for your filing status to determine your state tax liability.
Local Taxes
Unlike some states, California does not have city or county income taxes. However, cities and counties may impose other types of taxes such as property taxes and local sales taxes.
Federal Income Tax
Federal income tax is based on federal tax brackets, your filing status, deductions (standard or itemized), and allowances claimed on your W-4. Pre-tax deductions like 401(k) or HSA contributions reduce your federal taxable income.
FICA Taxes (Social Security & Medicare)
FICA taxes fund Social Security and Medicare. These are typically withheld by employers.
- Social Security: 6.2% on income up to the annual limit ($168,600 for 2024).
- Medicare: 1.45% on all income. An additional 0.9% Medicare tax applies to income above certain thresholds ($200,000 for Single, $250,000 for MFJ).
Other California Taxes (Not Calculated Here)
While this calculator focuses on income taxes, be aware of other taxes in California:
- Sales Tax: California has a state sales tax of 7.25%, with additional local taxes that can bring the total to over 10% in some areas.
- Property Tax: Property taxes in California are capped at 1% of the assessed value plus any special assessments, with limitations on increases due to Proposition 13.
- Mental Health Services Tax: California imposes an additional 1% tax on personal income over $1 million for the Mental Health Services Fund.
Disclaimer: This information is for general guidance for the 2024 tax year and is not tax advice. Consult a tax professional for personalized advice.