Good news!
I spoke with 3 reps today, three times a charm. He walked me through how to check if it's calculating correctly on the back end, even though it looks wrong on the front end as a consumer (Turbo Tax should fix this!!!).
FEDERAL
- Go to "tax tools", "tools", "view tax summary" on the left click "preview my 1040" (sorry if your not using this form, your instructions may be different to view this)
- Click "federal tax summary, scroll to "schedule 1" and "part 1"
- Line 7 shows your unemployment
- Line 8 G subtracts the $10,200 that is not taxed for UI
- Under this see your new total Federal taxable amount (minus the non-taxable $10,200)
CA STATE
- Then click to "CA tax summary" on left of screen
- Youll see your Taxable Federal Adjust Gross (they already took out the $10,200)
- Under that you'll see "Net California Adjustments", this should be the remaining amount $ of the unemployment you received and it should show as being subtracted.
- Under that you'll see your total Taxable CA Adjusted Gross income (all of your Unemployment should have been subtracted from this total. Mine checked out ok and yours should too!)
If you do the math it appears to be working properly. Not sure why Turbo Tax makes this appear that it's adding an additional $10,200 front end, but I hope this helps explain on the back end and how you can double-check it!
