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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!

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2 Replies

2022 California exemptions not calculating correctly yet

$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 

2022 California exemptions not calculating correctly yet

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.

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