Payroll Tax Info : CA Tax Changes : Custom2016 California Low Income ExemptionThe Low Income Exemption for Singles and Marrieds with 1 or fewer allowances increases to $13,419 . . . for Heads of Households and for Marrieds with 2 or more allowances, it increases to $26,838. Change the amount for the custom field #1 labeled "S/M1 LIL" to 13419. Change the amount for the custom field #2 labeled "HOH/M2 LIL" to 26838. 2016 California Standard DeductionThe Standard Deduction for Singles and Marrieds with 1 or fewer allowances increases to $4,044 . . . for Heads of Households and for Marrieds with 2 or more allowances, it increases to $8,088. Change the amount for the custom field #4 labeled "S/M1STD" to 4044. Change the amount for the custom field #5 labeled "HOH/M2 STD" to 8088. 2016 California Personal Exemption CreditThe Personal Exemption Credit increases to $119.90 ($120). Change the amount for the custom field #6 labeled "TAX CREDIT" to 120. Reference: |