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Get your taxes done using TurboTax
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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‎April 4, 2021
7:20 AM