Archive for CA 2009 Tax News
California Recognizes Out-of-State Same-Sex Marriages
Posted by: | CommentsOn October 11, 2009, the Governor signed Senate Bill 54, which provides that a marriage between two persons who have entered into a same-sex marriage outside the State of California prior to November 5, 2008, that was valid by the laws of the jurisdiction in which the marriage was contracted, is valid in California. The bill also provides that … Read More→
CA Dependent Exemption Reduced
Posted by: | CommentsCalifornia has reduced the exemption amount for dependents for Tax Year 2009.
While the exemption amounts for you and your spouse (if applicable) and the additional exemption amount for blind and/or seniors has only been reduced by $1.00, the dependent exemption amount, i.e., for children, has been reduced from $309 on your 2008 Tax Year return to $98 for your 2009 Tax Year return.
If you have one or more dependents, this change to the dependent exemption amount WILL (dollar for dollar) either reduce your expected refund or increase your balance due for tax year 2009.
CA Military Spouses Residency Relief Act
Posted by: | CommentsThe Military Spouses Residency Relief Act (MSRRA) was signed into law on November 11, 2009. For taxable years beginning on or after January 1, 2009, a servicemember’s spouse is considered a nonresident for tax purposes if the servicemember and spouse have the same legal residence or domicile outside of California and the spouse is in California solely to be with the servicemember who is serving in compliance with military orders. In addition …. Read More→
CA Mandatory e-pay Penalty Update
Posted by: | CommentsWhen you are required to make electronic payments but pay by other means, CA can assess a penalty equal to one percent of the amount paid, unless your failure to pay electronically was for reasonable cause and not willful neglect.
Effective January 1, 2010: Since passage of the Mandatory e-pay law for Individuals, compliance by taxpayers and their representatives has steadily increased. Therefore, in 2010, CA will again not assess the Mandatory e-pay Penalty. They will continue to monitor compliance levels to determine the appropriate time to begin implementation of the penalty provision.
For more information about the e-pay law and making your tax payment, go to ftb.ca.gov and search for Mandatory e-pay.
Source: CA FTB Tax News January 2010
CA Personal Tax Withholding
Posted by: | Comments- California personal tax withholding tables updated again, effective November 1, 2009 …
California personal tax withholding tables have been updated a second time this year by the Employment Development Department according to the California State Budget.
The increase of 10% affects all wage brackets for 2009 and 2010. For copies of the revised tables, please visit website: www.edd.ca.gov/Payroll_Taxes/Rates_and_Withholding.htm.
This change is scheduled to be implemented November 1, 2009. For additional information, please visit the website:
www.edd.ca.gov/Payroll_Taxes/Forms_and_Publications.htm.
CA Dependent Exemption
Posted by: | Comments- CA Dependent Exemption for 2009 and 2010 …
“The Dependent credit is reduced to the same amount as the personal exemption credit (for 2009 and 2010 taxable years.)”