2024 California Tax Brackets For Trusts. Learn everything you need to know about california tax brackets 2024, including the rates, the deductions, and the credits that can lower your tax bill. The below state tax rates and brackets from the california franchise tax board (ftb) apply to income you earned in 2024 (reported on your 2024 tax return).
For trusts and estates during 2024, a 15% capital gains tax rate applies to adjusted capital gains of more than $3,150 and up to $15,450, with capital gains over $15,450 being taxed at a 20% rate. Below is a quick reference table for california and federal income taxes for 2024.
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