Personal Income Tax Booklet 2023 Page 75

2023 California Tax Rate Schedules To e-file and eliminate the math, go to ftb.ca.gov. To figure your tax online, go to ftb.ca.gov/tax-rates. Use only if your taxable income on Form 540, line 19 is more than $100,000. If $100,000 or less, use the Tax Table. Schedule X – Use if your filing status is Single or Married/RDP Filing Separately If the amount on Form 540, line 19 is Enter on Form 540, line 31 of the amount over – over – but not over – $ 0 $ 10,412 $ 0.00 + 1.00% $ 0 10,412 24,684 104.12 + 2.00% 10,412 24,684 38,959 389.56 + 4.00% 24,684 38,959 54,081 960.56 + 6.00% 38,959 54,081 68,350 1,867.88 + 8.00% 54,081 68,350 349,137 3,009.40 + 9.30% 68,350 349,137 418,961 29,122.59 + 10.30% 349,137 418,961 698,271 36,314.46 + 11.30% 418,961 698,271 AND OVER 67,876.49 + 12.30% 698,271 Schedule Y – Use if your filing status is Married/RDP Filing Jointly or Qualifying Surviving Spouse/RDP If the amount on Form 540, line 19 is Enter on Form 540, line 31 of the amount over – over – but not over – $ 0 $ 20,824 $ 0.00 + 1.00% $ 0 20,824 49,368 208.24 + 2.00% 20,824 49,368 77,918 779.12 + 4.00% 49,368 77,918 108,162 1,921.12 + 6.00% 77,918 108,162 136,700 3,735.76 + 8.00% 108,162 136,700 698,274 6,018.80 + 9.30% 136,700 698,274 837,922 58,245.18 + 10.30% 698,274 837,922 1,396,542 72,628.92 + 11.30% 837,922 1,396,542 AND OVER 135,752.98 + 12.30% 1,396,542 Schedule Z – Use if your filing status is Head of Household If the amount on Form 540, line 19 is Enter on Form 540, line 31 of the amount over – over – but not over – $ 0 $ 20,839 $ 0.00 + 1.00% $ 0 20,839 49,371 208.39 + 2.00% 20,839 49,371 63,644 779.03 + 4.00% 49,371 63,644 78,765 1,349.95 + 6.00% 63,644 78,765 93,037 2,257.21 + 8.00% 78,765 93,037 474,824 3,398.97 + 9.30% 93,037 474,824 569,790 38,905.16 + 10.30% 474,824 569,790 949,649 48,686.66 + 11.30% 569,790 949,649 AND OVER 91,610.73 + 12.30% 949,649 How to Figure Tax Using the 2023 California Tax Rate Schedules Example: Chris and Pat Smith are filing a joint tax return using Form 540. Their taxable income on Form 540, line 19 is $125,000. Step 1: Using Schedule Y, they find the taxable income range that includes their taxable income of $125,000.

Example Your Income Step 2: They subtract the amount at the beginning of their range from their taxable income. $ 125,000 $ – 108,162 – $ 16,838 $ Step 3: They multiply the result from Step 2 by the percentage for their range. $ 16,838 $ x .08 x $ 1,347.04 $ Step 4: They round the amount from Step 3 to two decimals (if necessary) and add it to the tax amount for their income range. After rounding the result, they will enter $5,083 on Form 540, line 31. $3,735.76 $ + 1,347.04 + $5,082.80 $