California

[MGC94]

Some of my clients have moved to CA. 

For CA state returns is there a place to write off rent ($60,000) and sec125 pre taxed medical ins $9,829?

 Also, TD Ameritrade fees $3,593.73? (can this be taken on the federal or not anymore)

Thank you 

[Just-Lisa-Now-]

personal rent is not a deduction

pretax benefits are not a deduction.

those fees are entered as part of Sch A misc itemized deductions, same as always...have to exceed the 2% haircut before they count and can only be used on the CA return, not federal.

[MGC94]

Thank you. Any CA deductions that I should be asking them about? 

[Just-Lisa-Now-]

CA still allows moving expenses if youre moving into CA due to a job change, might be worth looking into.

[taxes96786]

Read the California instructions...you can download them from their site.

[sjrcpa]

Not Pub 17?

[abctax55]

Susan.... thanks for the a.m. laugh.... 

[George4Tacks]

CA does have a Renter's Credit. https://www.ftb.ca.gov/file/personal/credits/nonrefundable-renters-credit.html

[Just-Lisa-Now-]

PS prompts for that automatically if you qualify, so its hard to miss.

[abctax55]

Yeah.... the renters credit is $ 60/or $ 120 - depending on filing status.

NOT $ 60,000 'deduction' for rent paid.

[IRonMaN]

Where in pub 17 would I find that? 🤣🤣

[Bsch4477]

CA renter’s credit only if:

Your California income was:

• $49,220 or less if your filing status is single or married/registered domestic partner (RDP) filing separately
• $98,440 or less if you are married/RDP filing jointly, head of household, or qualified widow(er)

I would think someone paying 60K for rent has an income exceeding those restrictions. 

[taxes96786]

Cute...we both know that Pub 17 is from the IRS and does not answer State issues.

[IRonMaN]

Not according to your previous posts 🙄

[taxes96786]

This site provides an option to block my posts if you don't want to read them.

[IRonMaN]

But how in the world would I find out anything about pub 17 if I blocked your posts?  Although that is an interesting thought I'm not sure how a person can do that anyway.