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Ochair
Returning Member

IRA Deduction Line 20 on 2023 Calif Adjustment CA (540) deducts only one spouse.

My spouse and I are both in 70 years old and earned about $10,000 each last year.  We are trying to deduct the maximum IRA contribution $7,500 each (total of $15,000). However, line 20 of the CA schedule deducts only my spouse but not mine.  Please help.

 

Thanks.

 

 

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3 Replies
Ochair
Returning Member

IRA Deduction Line 20 on 2023 Calif Adjustment CA (540) deducts only one spouse.

I think I found the problem.  If I lower my birth year from 1952 to 1953 or later,  line 20 deducts the total amount $15,000.  It seems it's age related.  However, I could not find anything online supports it.  Could it be a code bug in Turbo Tax?

Ochair
Returning Member

IRA Deduction Line 20 on 2023 Calif Adjustment CA (540) deducts only one spouse.

Perhaps I should mention that:

Before the age change from year 1952:

      - Line 20 was: Column A: 15000; Column B: 7500

After to year 1953:

      - Line 20 is: Column A: 15000; Column B: (empty)

And the IRA deduction works.

 

However, I still need the fix for the correct age.

Ochair
Returning Member

IRA Deduction Line 20 on 2023 Calif Adjustment CA (540) deducts only one spouse.

According to the FTB Publication 1005

 

IRA Deduction
SECURE Act repeal of maximum age 70½
The SECURE Act repealed the maximum age of 70½ for
traditional IRA contributions. California law does not conform
to this federal provision. If you report an IRA deduction on
Schedule CA (540), Part I, or Schedule CA (540NR), Part II,
Section C, line 20, column A at age 70½ or older, include that
amount deducted for federal in the total you enter on Section C,
line 20, column B

 

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