Richard Rogers, EA| January 20, 2010
For those of you that will need to file a California Tax return for 2009 I thought I would go over some of the more important California tax law changes that might have some impact on your tax return. Below are listed just some of the changes that I think may have the most impact.
Richard Rogers, EA| August 31, 2009
For only the second time since 1978 the standard deduction will decrease from last year’s rate of $3,692 to $3,637 for single and married filing separate taxpayers. For other taxpayers it will decrease from $7,384 to $7,274. The decrease is because the standard deduction is tied to the California Consumer Price Index (CPI) which fell in 2008 by 1.5 percent. Also, the personal exemption credit will decrease slightly due to the adjustment.
