Hayat Tax Services

2024 tax brackets and income tax rates.

There are seven income tax rates for the 2024 tax year, ranging from 10% to 37%.
The 2024 tax brackets apply to income earned this year, which is reported on tax returns filed in 2025.

Tax brackets 2024 (taxes due April 2025)

Middle Class Tax Refund Payments
Not taxable for California purposes
The Middle Class Tax Refund (MCTR) is a one-time payment to provide relief to Californians. Eligible taxpayers will automatically receive a payment. Most payments are expected to be issued between October 2022 and January 2023.

To determine eligibility, review Middle Class Tax Refund.

The MCTR payment is not taxable for California state income tax purposes.i Taxpayers do not need to claim the payment as income on their California income tax return; however, taxpayers should seek guidance from the IRS regarding federal taxability.

Eligible recipients who receive MCTR payments of $600 or more will receive an IRS Form 1099MISC based upon the year they receive their MCTR payment.

For more information, visit Middle Class Tax Refund | FTB.ca.gov

iR&TC 17131.12

Gross income does not include any payments received by an individual pursuant to Section 8161 of the Welfare and Institutions Code.
This section shall remain in effect only until January 1, 2027, and as of that date is repealed.

Franchise Tax Board Homepage | FTB.ca.gov Personal and Business Income Taxes, Residents, Non-residents, State of California

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