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Deductibility of IRA contributions on California taxes
What are the rules on age in 2022 to be able to deduct IRA contributions on 2022 California taxes? In 2022 my spouse turned 70.5 and I turned 75. Turbotax subtracted my IRA contribution for California (which makes sense) and but did not subtract my spouse's. Is that a mistake? This sentence is from the California instructions for Schedule CA, line 20: "IRA age – If you report an IRA deduction on line 20, column A at age 70½ or older, include that amount deducted for federal in the total you enter on line 20, column B." This suggests the deduction is not allowed once you hit 70.5 years old.
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January 23, 2023
9:01 PM