Dory Nanice

California Tax Brackets 2024-25. Newsom’s latest budget acknowledges that income taxes, which are mostly paid by those in upper income brackets, are $44 billion less than previously projected. The california income tax has nine tax brackets.

Some high earners in california might feel some tax relief where federal taxes are concerned, though, likely not nearly enough. As a result of california’s tax expansion, the state’s top income tax bracket has increased by 1.1%, to 14.4% for the 2024 tax year.