Fast tax facts 2003: as of Oct. 17, 2003.

• Position: Illustration

The online version of Fast Tax Facts will be updated for tax law changes. Check it out at www.calcpa.org/fasttaxfacts.

WELCOME TO OUR ANNUAL at-a-glance compilation of federal and state tax information. User-friendly tax rate schedules facts, figures and assorted data make this time-saving section a handy companion. Keep it within arm's reach as you enter the upcoming busy season.

2003 TAX DATA SCHEDULE 2003 2003 Federal California Standard Deductions Single $4,750 $3,070 Married Filing Jointly or Surviving Spouse 9,500 6,140 Married Filing Separately 4,750 3,070 Head of Household 7,000 6,140 Additional for 65 and Older or Blind--Married 950 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) $3,050 California Exemption Credits Single/Separate or Head of Household $82 Joint/Surviving Spouse $164 Dependent 257 Blind or Over 65 82 Senior Head of Household Credit 2% of California taxable income, maximum California AGI of $51,941 and maximum credit of $1,015 Joint Custody Head of Household Credit and Dependent Parent Credit Each is 30% of net tax, with maximum credit of $332 Child and Dependent Care Credit Percentage of federal credit California AGI limits are From-To 0-$40,000 50% $40,0001-$70,000 43% $70,001-$100,000 34% $100,0001 or more 0% Teacher's Retention Credit This California tax credit has been suspended for taxable year 2003. California Renter's Credit Joint/Head-of-Household/Surviving Spouse if AGI is below $50,000 $120 Single/Married Filing Separate if AGI is below $25,000 60 Sec. 179 Deduction $100,000 $25,000 Beginning of Personal Exemption Phaseout Range--Based on Federal AGI Single $139,500 $135,714 Married Filing Jointly 209,500 271,432 Married Filing Separately 104,625 135,714 Head of Household 174,400 203,574 Surviving Spouse 209,250 271,432 Beginning of Itemized Deduction Phaseout Range--Based on AGI Single $139,500 $135,714 Married Filing Jointly/Surviving Spouse 139,500 271,432 Married Filing Separately 69,750 135,714 Head of Household 139,500 203,574 Rate Reduced over federal AGI limits 3% 6% Schedule A Threshold/Limits Medical (of AGI) based on federal threshold 7.5% 7.5% Miscellaneous (of AGI) based on federal threshold 2% 2% Alternative Minimum Tax (AMT) Rate AMTI Less Exemption up to $175,000 26% AMTI Less Exemption over $175,000 ($87,500 if Married Filing Separately) 28% AMTI Less Exemption 7% AMT Exemption Amounts Married Filing Jointly/Surviving Spouse $58,000 $66,547 Single, Head of Household 40,250 49,910 Married Filing Separately...