Fast tax facts.

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.

As of Oct. 21,2016

Special thanks to:

Teresa Schacherer and Brooke Sigler, CPA of Windes, Inc., as well as the FTB, for compiling this information.

2016 TAX DATA SCHEDULE 2016 2016 Federal California Standard Deductions Single $ 6,300 $4,129 Married Filing Jointly, Surviving Spouse 12,600 8,258 Married Filing Separately 6,300 4,129 Head of Household 9,300 8,258 Additional for Age 65 and Older or Blind--Married 1,250 Additional for Age 65 and Older or Blind--Unmarried 1,550 (per individual for each situation, age or blind) Taxpayer Claimed as a Dependent 1,050 1,050 Personal or Dependent Exemption 4,050 (Social Security Number required) California Exemption Credits Single, Married Filing Separately, Head of Household $111 Married Filing Jointly, Surviving Spouse 222 Dependent 344 Blind or Age 65 and Older 111 Senior Head of Household Credit 2% of California taxable income, maximum California AGI of $71,370 with maximum credit of $1,345 California Joint Custody Head of Household Credit and Dependent Parent Credit Each is 30% of net tax with maximum credit of $440 Child and Dependent Care Credit Percentage of federal credit for California AGI limits $0-40,000 50% 40,001-70,000 43% 70,001-100,000 34% 100,001 or more 0% California Renter's Credit Married Filing Jointly, Head of Household, Surviving Spouse if AGI is below $78,125 $120 Single or Married Filing Separately if AGI is below $39,062 60 IRC Section 179 Deduction $500,000 $25,000 Sec. 179 Purchase Phaseout $2,010,000 $200,000 Beginning of Personal Exemption Phase-out Range--Based on Federal AGI Single $259,400 $182,459 Married Filing Jointly, Surviving Spouse 311,300 364,923 Married Filing Separately 155,650 182,459 Head of Household 285,350 273,692 Beginning of Itemized Deduction Phase-out Range--Based on Federal AGI Single $259,400 $182,459 Married Filing Jointly, Surviving Spouse 311,300 364,923 Married Filing Separately 155,650 182,459 Head of Household 285,350 273,692 Rate Reduced over federal AGI limits 3% 6% Schedule A Medical Deduction Based on federal AGI 10% 7.5% Based on federal AGI if taxpayer or spouse is age 65 or olde 7.5% 7.5% Schedule A Miscellaneous Deduction Based on federal AGI 2% 2% Alternative Minimum Tax...

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