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Level 2
January 6, 2023
Question

2022 California exemptions not calculating correctly yet

We're still a week away from the CA Form 540 being finalized.

Note to TurboTax to double-check how Line 7 (Personal Exemptions) calculates.

Currently, the math in the program is not calculating correctly.

It shows $129 per exemption but is calculating as if it were $140 per exemption.

Thanks!

2 replies

VolvoGirl
Level 15
January 6, 2023

$140 is right.  I guess they haven't updated the wording on the exemption lines.  See CA form 540

https://www.ftb.ca.gov/forms/2022/2022-540.pdf 

Level 2
January 6, 2023

Thanks for the link to the actual CA Form. Glad that it's just TurboTax that needs to make the adjustment in its online form.