Franchise Tax Board sez be sure to up your withholding

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Here's a friendly reminder from your pals at the California Franchise Tax Board:

A new tax law raises California's personal income tax rates by .25 percent, (AB X3 3 Ch. 18 2009). The law also reduces the dependent exemption credit to the same amount of the personal exemption credit-a $210 difference per dependent using 2008 amounts. Some taxpayers may need to increase their wage withholding now to avoid owing taxes next April.
Maybe it would be easiest to just sign over your $13/week federal tax credit to the state...

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This page contains a single entry by Gene Maddaus published on June 11, 2009 5:09 PM.

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