Compusource Corporation is a Leader in Contracting, Metal Service Management and Moving and Storage software development, with particular attention to Customer Service.

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Welcome! Today is
Saturday , July 5th, 2008

Compusource Corporation is a Leader in Contracting, Metal Service Management and Moving and Storage software development, with particular attention to Customer Service.
Year 2000 California Tax Changes - Custom Screen

2008 California Tax Changes
Custom Screen

 

Increase in California Low Income Exemption
The Low Income Exemption for Singles and for Marrieds with 1 or fewer allowances increases to $11,630 . . . for Heads of Households and for Marrieds with 2 or more allowances, increases to $23,259.  Change the amount for the custom field #1 labeled "S/M1 LIL" to 11630.  Change the amount for the custom field #2 labeled "HOH/M2 LIL" to 23259.

Increase in California Standard Deduction
The Standard Deduction for Singles and or Marrieds with 1 or fewer allowances increases to $3,516 . . . for Heads of Households and for Marrieds with 2 or more allowances increases to $7,032.  Change the amount for the custom field #4 labeled "S/M1 STD" to 3516.  Change the amount for the custom field #5 labeled "HOH/M2 STD" to 7032.

Increase in California Personal Exemption Credit
The Personal Exemption Credit increases to $94. Change the amount for the custom field #6 labeled "TAX CREDIT" to 94.



Reference:
"2008 California Employer's Guide", Employment Development Department Publication DE44, Tables 1, 2, 3, and 4 (Method B--Exact Calculation Method, Annual Payroll Period).


 


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Copyright © 2008, Compusource Corporation
Last Updated:  06/05/08 
Compusource Corporation is a Leader in Contracting, Metal Service Management and Moving and Storage software development, with particular attention to Customer Service.