California’s withholding methods are to be updated for 2023, an Employment Development Department official said Oct. 28.
The annual standard deduction used in the Method B exact-calculation method and its instructions is to increase to $5,202 or $10,404, up from $4,803 or $9,606, depending on the employee’s filing status and, for married employees, the number of allowances claimed.
The value of a state allowance is to increase to $154 annually, up from $141.90. The tax rates used in Method B continue to range from 1.1% to 14.63%. The tax brackets used are to be adjusted compared to 2022.
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