Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
fsdattorney1974
New Member

I always filed California tax returns. I am now getting mandatory IRA distributions, am I entitled to some type of a credit on my California taxes, or a lower tax rate?

 
1 Best answer

Accepted Solutions
SweetieJean
Level 15

I always filed California tax returns. I am now getting mandatory IRA distributions, am I entitled to some type of a credit on my California taxes, or a lower tax rate?

. Income from retirement accounts and pensions is fully taxed in CA. 

View solution in original post

3 Replies
Lisa995
Level 12

I always filed California tax returns. I am now getting mandatory IRA distributions, am I entitled to some type of a credit on my California taxes, or a lower tax rate?

Do you live in California?   What type of credit or lower tax rate would you be looking for?  Can you explain your situation better?
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
fsdattorney1974
New Member

I always filed California tax returns. I am now getting mandatory IRA distributions, am I entitled to some type of a credit on my California taxes, or a lower tax rate?

When I got to the California part of TurboTax that went into the differences between the Federal and California's treatment of IRA distributions, it appeared to me as if California didn't tax IRA distributions at the normal California tax rate.  After reading an additional answer to my question, I must have misread the TurboTax question.  I now understand that IRA distributions in California are taxed at the regular California tax rate.  Thanks for your help.
SweetieJean
Level 15

I always filed California tax returns. I am now getting mandatory IRA distributions, am I entitled to some type of a credit on my California taxes, or a lower tax rate?

. Income from retirement accounts and pensions is fully taxed in CA. 

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v