JamesG1
Expert Alumni

Get your taxes done using TurboTax

@Bts88

You could be reading it correctly.

 

If you received $18,000 unemployment + $3,000 wages = $21,000 total income.

 

Subtract $10,500 for the Federal reduction for unemployment under the American Rescue Act.= $10,500 adjusted gross income (AGI).

 

Less Single standard deduction of $12,400 would result in $0 taxable income on the Federal tax return and no tax.

 

California calculations are up-to-date.  See also TurboTax Help here.

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