California State Tax Standard Deduction 2024

California State Tax Standard Deduction 2024. The undersigned certify that, as of july 1, 2023, the website of the. If the tcja expires next year, the tax foundation estimates that a single mother of one making $30,000 per year will pay more than $1,000 in higher taxes.

The standard deduction is an essential part of your tax return because it reduces the amount of your income that is subject to tax. The first $20,000 would be taxed at 1%, resulting in $200 in taxes.