Skip to main content
Level 5
May 4, 2021
Solved

IRA disallowed in CA

  • May 4, 2021
  • 3 replies
  • 8 views

I have a client that made self employment net income of $6995, her spouse worked for a company covered by a retirement plan. Their AGI is $154,755 she is 70 1/2 and she made an IRA contribution of $7,000 but California says it's disallowed. From everything I have read it should not be disallowed.

This topic has been closed for replies.
Best answer by sjrcpa

Did CA conform to the federal age limit change?

3 replies

sjrcpa
sjrcpaAnswer
Level 15
May 4, 2021

Did CA conform to the federal age limit change?

The more I know the more I don’t know.
monicacAuthor
Level 5
May 4, 2021

You are correct Ca. did not conform to the repeal of maximum age of 70 1/2 for traditional IRA contributions!

Thanks!!

sjrcpa
Level 15
May 4, 2021

You're welcome.

The more I know the more I don’t know.