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!

264

Level 15

Jan 6, 2023 1:05:11 AM

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

Level 1

Jan 6, 2023 1:18:01 AM

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.