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kdespk50
New Member

2018 Tax Deductions

Regarding the 2018 new Federal Tax Laws, if a deduction has been deleted by the Feds can it still be deducted from my California State Tax Return? i.e. Investment Management Fees, safety deposit fees, 

We will claim the Standard Deduction for our Federal return but will itemize for California State return. 

1 Best answer

Accepted Solutions
Lisa995
Level 12

2018 Tax Deductions

Looks like CA is going to make an adjustment form to include those deductions!

https://www.ftb.ca.gov/professionals/taxnews/Editions/2018/May.shtml?WT.mc_id=News_Content_Tax_News_...


A new Part III will be added to Schedule CA (540) for California only deductions and for those deductions expected to be removed from federal Schedule A but still deductible for California such as job expenses and miscellaneous itemized deductions.


♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

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3 Replies
Lisa995
Level 12

2018 Tax Deductions

I haven't seen anything definite yet. Ive seen mention of CA maybe having their own Sch A.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
Lisa995
Level 12

2018 Tax Deductions

Looks like CA is going to make an adjustment form to include those deductions!

https://www.ftb.ca.gov/professionals/taxnews/Editions/2018/May.shtml?WT.mc_id=News_Content_Tax_News_...


A new Part III will be added to Schedule CA (540) for California only deductions and for those deductions expected to be removed from federal Schedule A but still deductible for California such as job expenses and miscellaneous itemized deductions.


♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
TaxGuyBill
Level 9

2018 Tax Deductions

Most States have not figured out what they are doing yet, so I suspect we all need to wait a few more months to see what the State Legislators decide to do.
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