What is Antonia's allowable California IRA deduction?

Antonia's allowable California IRA deduction is determined by a combination of factors, including her filing status, age, and income level. In California, individual taxpayers can generally deduct contributions to a traditional IRA subject to certain conditions.

The deduction limit for an IRA contribution is set by IRS guidelines, which for most taxpayers under the age of 50 is $6,000, and for those aged 50 and older, there is a catch-up provision that allows for additional contributions. In some cases, specific California rules may adjust these limits.

The figure of $4,000 as the allowable deduction likely indicates that Antonia is in a situation where certain deductions have been limited due to her income level or filing status. For example, if she is covered by a retirement plan at work and her income exceeds certain thresholds, her ability to take the full deduction may be reduced.

Thus, the deduction of $4,000 is the correct amount she can claim based on these typical scenarios, reflecting either a partial deduction or some adjustment due to other income factors or retirement plan coverage.