pmorettini
Returning Member

Deductions & credits

Hi, thanks, you actually pointed me in the right direction, I really appreciate it.

 

But now I have a similar question about my state return (California).  Is there also a "minimum" income level to get the state credit also?  It's not exactly the same situation, but still odd. I got the premium assistance through the state as an upfront discount during the year ($5262). I actually made way less money than I had estimated, so I should easily have qualified for this discount level. Instead of qualifying for this amount of premium assistance, this is what TurboTax says:

Premium Assistance Subsidy: $0

How much you qualify for: $569

Minus how much you got in advance as a discount: $5262

How much of a difference you may have to pay back through your taxes: $4693

Repayment limitation: $600

Actual amount that you have to pay back: $600

 

Do you understand what's going on here? Is it a similar issue that I asked about above? CA doesn't tax some income that the Federal does (in this case unemployment income). Anything I can do about this?

 

Thanks again for your help.

 

Phil