california standard deduction 2011

california standard deduction 2011 : The California standard deduction is $3,657.00 for individuals and $7,274.00 for married couples filing jointly. The standard deduction may be chosen instead of filing an itemized deduction, and taxpayers generally choose whichever deduction allows them to pay the least amount of income tax.

Increase in the State of California Standard Deduction
The standard deduction for the State of California increases to $3,670 for Single, and $7,340 for Married/Head of Household. You can update these fields yourself on the Custom Screen (option "U") of the "CA" (California) record of the Tax Data File--see the sample screen that follows. (Reference: "2011 California Employer's Guide", DE44MM Rev37, Table 3, p63.)Read More...

California Says Revenue Collected
California has collected $1.4 billion more in revenue so far this fiscal year than was projected in the budget, a surplus that may help Governor Jerry Brown and lawmakers fill an estimated $25 billion deficit. Read More...

Charity and entitlement
State budgets are facing staggering deficits—New York, $9 billion; Illinois, $15 billion; California, $25 billion—and national insolvency is visible on the horizon. Read More...

Taxes That Lower Your IRS Bill
For folks who itemize, allowable deductions include state and local income taxes or, for some filers, sales taxes paid throughout the year, along with real estate taxes, personal property taxes and intangible taxes on investments. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: