Your assumptions are correct. You have the extended date to file and pay both federal and California taxes. However, you don't have to wait to file if you have your return completed. Even if you file before the deadline, your payment due date remains extended.
It takes some time to change the programming in TurboTax. This is something that is currently in progress, but you will still see the original deadline instead of the updated deadline until the programming is complete. You are aware of the change, though, so you can ignore the date that is listed.
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