California Tax Brackets 2025 Tax Year Changes. The legislation extends from tax year 2025 to tax year 2030 the period that cannabis businesses subject to the personal income tax may claim business deductions. In 2025, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (table 1).

The 2025 tax filing season is almost here and there are some new tax brackets and standard deductions for the 2024 taxes. The legislation extends from tax year 2025 to tax year 2030 the period that cannabis businesses subject to the personal income tax may claim business deductions.