The FTB has released the 2021 California tax rate schedules, along with various annually indexed amounts. The rate of inflation (as measured by the California Consumer Price Index) from June 2020 to June 2021 was 4.4%.
Click here to download the tax rate schedules.
We will provide more details on the annual indexed numbers in the October 2021 issue of Spidell’s California Taxletter®. In addition, Taxletter subscribers and attendees of the 2021/2022 Federal and California Tax Update webinar will receive our pocket reference card.