Shared by several others in CA who asked to remain anonymous--
The DUCK Book-- a TCE Guide shared with me by several TCE volunteers from CA in hopes that it helps you. (Click Image) Here is a link for some corrections/errors found Taxslayer--Entering California-Health-Care-Coverage
https://support.taxslayer.com/hc/en-us/articles/360055454012-California-Health-Care-Coverage |
Shared by Susan--Thank you!!
Head of Household (HOH) - if filer is HOH, then you have to go into the state return and fill out an extra page in the personal information section. Choose a qualifying person (recommend using youngest), choose their relationship, enter the TP marital status. Renters credit - TS will prompt you for this credit. Mobile homes owners do qualify for it if they are paying space rent. Itemizing deductions - CA let's you itemize deductions like unreimbursed job expenses that are no longer allowed by the IRS. You enter them in the federal section with other itemized deductions. Generally, if TP has more than ~5K/10K (single/MFJ or HOH) in deductions it will be worthwhile to itemize for the state Other automatic adjustments, CA does not tax social security or unemployment income so those will be removed by TS automatically. Healthcare - CA has a shared responsibility payment. And there are exemptions. This is super cumbersome and I have to remind my preparers how to do it every year. You have to fill out two extra things for each person on the return. I don't have a doc for you, but could find or create if you really want it. One year the state also did it's own subsidy and reconcilation with ACA, but thank goodness they seem to have stopped that.
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You can contact me at [email protected]
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Please note: I, Mary Meador, AM NOT a certified accountant or tax law expert. I volunteer with VITA providing free tax preparation for individuals and families whose income is less than $66,000 a year. We deal with simple returns at our sites. I cannot guarantee the accuracy of all the information on this site as tax laws change and I may not have a clear understanding of complicated issues. I am trying to provide basic tax preparation information for our volunteers to get started--remember Publication 4012 is your go-to resource for questions, as well as irs.gov and Publication 17. I hope you find this information useful and easy to understand. Thanks for being a VITA/TCE volunteer!
**I am human, so if you find a mistake, please let me know so I can fix it--we are all in this together** All images from our UWLHG Canva account unless promoting the resource linked to |