Skip to main content
August 20, 2020
Question

I live in California with a 2019 AGI of $150k and use the new standard deduction. What is my marginal tax rate?

  • August 20, 2020
  • 1 reply
  • 0 views
What tax rate will I pay on an additional income of $10,000?

1 reply

Employee
August 20, 2020

The tax brackets are here.

https://taxfoundation.org/2020-tax-brackets/

 

After subtracting the standard deduction, and if you are single with no dependents, your top rate is 24%.  (Not all your income is taxed at 24%; the first $9,875 is taxed at 10%, the next $31,000 is taxed at 12%, and so on.)

 

Your top CA tax rate appears to be 9.3%. 

https://www.tax-brackets.org/californiataxtable