In 2021, what is the standard deduction amount for dependents claimed in California?

The standard deduction amount for dependents in California for the year 2021 is indeed $1,100. This amount is established by the California Franchise Tax Board to help reduce the taxable income of dependents who may have earned income.

The standard deduction serves to benefit individuals who are dependents, ensuring they have a basic threshold of income that is not subject to state income tax. It’s important to stay informed about these figures, as they can vary from year to year based on adjustments for inflation and legislative changes.

In the context of state tax law, understanding the correct standard deduction amounts for dependents is essential for both preparing accurate tax returns and advising clients effectively in real estate transactions involving tax considerations.