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Why is turbotax calculated California tax different from FTB rate schedule for a state taxable income $1565032?

CA Form 540 line 19 taxable income is $1565032. Based on FTB rate schedule line 31 tax should be $157560 (married filing jointly), but turbotax calculated it to be $159183. If line 19 is below $1354550, turbotax calculated the tax correctly. Is this a bug? Is there anyway to overwrite a mistake by the software? We are required to e-file, so there's no remedy of paper filing.
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1 Best answer

Accepted Solutions
BillM223
Employee Tax Expert

Why is turbotax calculated California tax different from FTB rate schedule for a state taxable income $1565032?

Please see this TurboTax Help article about CA rejecting returns with errors on line 31. Please sign up so that you will be notified of a resolution.

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5 Replies

Why is turbotax calculated California tax different from FTB rate schedule for a state taxable income $1565032?

This is for Turbotax 2022 premier mac version

Why is turbotax calculated California tax different from FTB rate schedule for a state taxable income $1565032?

I have the same issue. TurboTax seems to be using the wrong marginal rate for the top CA tax bracket

Why is turbotax calculated California tax different from FTB rate schedule for a state taxable income $1565032?

Thank you for your reply. It's really helpful to know that I'm not alone 🙂 I have posted the question a second time which seems to get the experts' attention. Would you mind replying to that thread too so they know I'm not the only one experiencing the bug? They asked me to send a testcase and I'm hesitant. It seems like a real cut and dry issue and easy for them to test on their end.

 

https://ttlc.intuit.com/community/taxes/discussion/re-could-the-experts-please-check-the-top-califor...

 

Thanks!

BillM223
Employee Tax Expert

Why is turbotax calculated California tax different from FTB rate schedule for a state taxable income $1565032?

Please see this TurboTax Help article about CA rejecting returns with errors on line 31. Please sign up so that you will be notified of a resolution.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Why is turbotax calculated California tax different from FTB rate schedule for a state taxable income $1565032?

I verified that the latest turbotax update has fixed this problem. Line 31 calculation is now correct. Thanks!

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