Support : Payroll Tax Info : CA Tax Changes : Custom
2012 California Low Income Exemption
The Low Income Exemption for Singles and Marrieds with 1 or fewer allowances increases to $12,527 . . . for Heads of Households and for Marrieds with 2 or more allowances, it increases to $25,054. Change the amount for the custom field #1 labeled "S/M1 LIL" to 12527. Change the amount for the custom field #2 labeled "HOH/M2 LIL" to 25054. (Reference: "2012 California Employer's Guide", DE44MM Rev38, Table 1, p62.)
2012 California Standard Deduction
The Standard Deduction for Singles and Marrieds with 1 or fewer allowances increases to $3,769 . . . for Heads of Households and for Marrieds with 2 or more allowances, it increases to $7,538. Change the amount for the custom field #4 labeled "S/M1STD" to 3769. Change the amount for the custom field #5 labeled "HOH/M2 STD" to 7538.
2012 California Personal Exemption Credit
The Personal Exemption Credit increases to $112.20. Change the amount for the custom field #6 labeled "TAX CREDIT" to 112.
Reference:
"2012 California Employer's Guide", Employment Development Department Publication DE44MM, Rev 37, Tables 1, 2, 3, and 4 (Method B-Exact Calculation Method, Annual Payroll Period), p62-63.
