Any body have any insight on how they are doing their federal taxes for colorado's new FAMLI benefits (paid family leave) and 1099g form. I know that starting jan 2025, 10% federal deduction applies to the benefits, its unclear what applies to those whom received benefits in 2024. When i put it into turbo tax its taking my full tax bracket deduction of 22%. The famli website states that I may not have to submit for federal taxes since its unclear how federal taxes will apply. The new IRS guidance RR25-04 also states I may not need to submit for federal taxe, page 20 at the bottom. https://www.irs.gov/pub/irs-drop/rr-25-04.pdf
No body seems to know about the rr 25-04 guidance. Turbo tax specialist say submit like any 1099g form but they are all out of state and dont know about rr 25-04.
