topic CA state taxable income and tax liability discrepancy? in State tax filing

CA state taxable income and tax liability discrepancy?

aiurforever — Tue, 04 Jun 2019 22:19:53 GMT

In TT2018 premier, my CA state taxable income is $104,471 but the tax liability is $2,595 and total payment+credit is $11,395. We are MFJ with 4 dep. Is this correct? I thought it should be higher? Isn't taxable income already after deductions and exemptions?

I have attached the screenshots of federal and CA state details in TT2018.

That Calif "Total tax" amount is probably the computed ta...

TerryA — Tue, 04 Jun 2019 22:19:54 GMT

That Calif "Total tax" amount is probably the computed tax less nonrefundable credits such as Child and Depended Care Expenses Credit, plus many possible other ones. I think it's showing you Form 540 line 64. You should look at Form 540 for the real scoop.