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Deductions & credits
I don't understand. Specifically related to California Schedule CA(540) Part I, Section B, line 8z.
Thanks to the American Rescue Plan Act, the federal government gave a tax credit to my former employer to cover my payments starting April 1, 2021. Hence, I did not have to make payments for COBRA to my former employer for a few months. I received no tax statements with regards to this issue. My former employer did not pay for my COBRA.
Is California trying to tax this federal benefit?
Am I suppose to enter the value of the payments that the federal government paid for me into CA(540) Part I, Section B, line 8z.
I did not deduct COBRA payments that I did make on my federal return.
March 16, 2022
10:08 PM