![]() ![]() Failing to report income from all sources, taking deductions for which you are ineligible, and otherwise evading your state and federal tax obligations whether intentionally or unintentionally can have severe consequences. Tax rate of 12.3% on taxable income over $677,275.įor married taxpayers living and working in the state of California: Accurately Calculating Your Taxable Income Is ImportantĪs you prepare to file your California and federal income tax returns, it is important to be certain that you are accurately reporting your taxable income and fully paying what you owe. ![]()
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