I'm now working on the state tax portion for the 2021 tax filing. This is what TurboTax shows:
Enter COBRA premium assistance subsidies excluded from federal income.
The American Rescue Plan Act of 2021 (ARPA), enacted on March 11, 2021, allows an exclusion from gross income for COBRA premium assistance subsidies received by eligible individuals for the COBRA coverage period beginning on April 1, 2021 and ending on September 30, 2021. California law does not conform to this federal provision.
Only enter amounts you excluded from your federal return.
COBRA Premium Assistance Excluded from federal income:___________
So, it looks like I do need to report the COBRA premium assistance subsidies. I did receive this subsidy for the six months of April to September 2021.
Under Wages & Income on TurboTax for Federal Taxes, I wasn't "excluding" it from income on federal return; I just don't see where to report it. I understand that the subsidy isn't taxable on federal tax return. But, it looks like perhaps it's taxable on California return?
How to handle this?
