FTB sets 2007 tax brackets.
| Position | FTB News - Franchise Tax Board - Brief article |
The Franchise Tax Board has set the state tax brackets for the 2007 tax year. Some changes include:
* The tax threshold has risen to $11,620 of adjusted gross income for single and married filing separate taxpayers, and $23,241 for married filing joint, surviving spouse and head of household filers.
* The standard deduction will increase for single or married filing separate taxpayers from $3,410...
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