California has a progressive income tax system, meaning the more you earn, the higher your tax rate. The state income tax rates range from 1% to 13.3%, depending on your taxable income.
Here's a breakdown of the 2023 California income tax brackets:
| Income Bracket | Tax Rate |
|---|---|
| $0 - $4,626 | 1% |
| $4,627 - $10,775 | 2% |
| $10,776 - $21,553 | 4% |
| $21,554 - $32,330 | 6% |
| $32,331 - $43,107 | 8% |
| $43,108 - $53,884 | 9.3% |
| $53,885 - $263,208 | 10.3% |
| $263,209 - $344,271 | 11.3% |
| $344,272 - $526,408 | 12.3% |
| $526,409 and above | 13.3% |
In addition to state income tax, California residents also pay federal income tax.
Example:
Let's say you earn $50,000 in taxable income in California. You would pay 10.3% on your income between $53,885 and $263,208.
Note: These rates may change in the future. It's essential to consult the latest tax information from the California Franchise Tax Board for the most accurate and up-to-date details.
