Personal income taxes: deductions: elderly seniors.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Revenue and Taxation
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill creates a deduction for California taxpayers who have elderly senior dependents. Beginning in 2027, eligible taxpayers can deduct an amount based on their household size and the number of elderly senior dependents, up to $6,000 per individual, with a reduction based on their federal adjusted gross income. The deduction is available for taxpayers with household incomes below 600% of the federal poverty level who claim one or more elderly senior dependents, and the bill includes requirements for the Franchise Tax Board to report on the use of this deduction.
Key provisions
- Allows a deduction for qualified taxpayers for elderly senior dependents.
- The deduction is up to $6,000 per qualified individual.
- The deduction is reduced by 6% of the taxpayer’s federal adjusted gross income exceeding specified thresholds.
- Eligibility is based on household income being less than or equal to 600% of the federal poverty level.
- Defines ‘elderly senior’ based on age criteria.
- Requires the Franchise Tax Board to submit annual reports on the use of the deduction.
- The deduction is available for taxable years beginning in 2027 and ending in 2032.
- The deduction is repealed on December 1, 2033.
Who is affected
- Taxpayers in California
- Senior citizens
- Adult dependents of senior citizens
- Taxpayers with elderly senior dependents
- Individuals eligible for the deduction
Bill text
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Sponsors
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1 on record
Primary sponsor
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