The California Franchise Tax Board (FTB) has updated certain aspects of tax return filing starting with returns for tax year 2017. The standard deduction for taxpayers filing as single increased to $4,236; for taxpayers who are married filing jointly, the new standard deduction is $8,472. Personal exemptions were also raised to $114 and $228, respectively.
California introduced the Schedule X, a new form which will replace the Form 540X for amending returns, along with five new voluntary funds to which taxpayers may contribute to support specific causes.