Fast Tax Facts 2009.

The online version of Fast Tax Facts will be updated for tax law changes. Check it out at

special thanks to: Rebecca Christiansen, CPA and Ruby Pradhan of Windes & McClaughry Accountancy Corporation; the CalCPA Committee on Taxation; and the FTB for compiling this information.

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.

2009 TAX DATA SCHEDULE 2009 Federal 2009 California Standard Deductions Single $5,700 $3,637 Married Filing Jointly Surviving 11,400 7,274 Spouse Married Filing Separately 5,700 3,637 Head of Household 8,350 7,274 Additional for Age 65 and Older 1,100 or Blind--Married Additional for Age 65 and Older 1,400 or Blind--Unmarried (per individual for each situation, age or blind) Additional Real Property Tax 1,000 Standard Deduction-Married (2009 Only) Additional Real Property Tax 500 Standard Deduction Unmarried (2009 Only) Taxpayer Claimed as a Dependent 950 800 Personal or Dependent Exemption 3,650 (Social Security Number required) California Exemption Credits Single, Married Filing $98 Separately, Head of Household Married Filing Jointly; Surviving 196 Spouse Dependent 98 Blind or Age 65 and Older 98 Senior Head of Household Credit 2% of California taxable income, $1,185 maximum California AGI of $62,874 with maximum credit of Joint Custody Head of Household Credit and Dependent Parent Credit Each is 30% of net tax with $387 maximum credit of 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 $120 Household, Surviving Spouse if AGI is below $68,824 Single or Married Filing 60 Separately if AGI is below $34,412 IRC Section 179 Deduction 5250,000 $25,000 Beginning of Personal Exemption Phaseout Range--Based on Federal AGI Single $166,800 $160,739 Married Filing Jointly, Surviving 250,200 321,483 Spouse Married Filing Separately 125,100 160,739 Head of Household 208,500 241,113 Beginning of Itemized Deduction Phaseout Range--Based on Federal AGI Single $166,800 $160,739 Married Filing Jointly, Surviving 166,800 321,483 Spouse Married Filing Separately 83,400 160,739 Head of Household 166,800 241,113 Rate Reduced over federal AGI 3% 6% limits...