2002 tax data schedule.

• Position: Fast Tax Facts 2002

2002 TAX DATA SCHEDULE 2002 2002 Federal California Standard Deductions Single $4,700 $3,004 Married Filing Jointly or Surviving Spouse 7,850 6,008 Married Filing Separately 3,925 3,004 Head of Household 6,900 6,008 Additional for 65 and Older or Blind--Married 900 Additional for 65 and Older Blind--Unmarried 1,150 (per individual and for each situation: age or blind) Taxpayer Claimed as a Dependent 750 750 Personal/Dependent Exemption (SSN required: $50 penalty) $3,000 California Exemption Credits Single/Separate or Head of Household $80 Joint/Surviving Spouse $160 Dependent 251 Blind or Over 65 80 Senior Head of Household Credit 2% of California taxable income, maximum California AGI of $51,941 and maximum credit of $979 Joint Custody Head of Household Credit and Dependent Parent Credit Each is 30% of net tax, $320 with maximum credit of Child and Dependent Care Credit Percentage of federal credit California AGI limits are From-To 0-$40,000 63% $40,0001-$70,000 53% $70,001--$100,000 42% $100,0001 or more 0% Teacher's Retention Credit This California tax credit has been suspended for taxable year 2002. California Renter's Credit Joint/Head-of-Household/Surviving Spouse if AGI is below $56,858 $120 Single/Married Filing Separate if AGI is below $28,429 60 Sec. 179 Deduction $24,000 $24,000 Beginning of Personal Exemption Phaseout Range--Based on Federal AGI Single $137,300 $132,793 Married Filing Jointly 206,000 265,589 Married Filing Separately 103,000 132,793 Head of Household 171,650 199,192 Surviving Spouse 206,000 265,589 Beginning of Itemized Deduction Phaseout Range--Based on AGI Single $137,300 $132,793 Married Filing Jointly/Surviving Spouse 137,300...