It appears that proper treatment of the NJ Pension Exclusion has been a longer-standing issue. My initial post on this issue was on April 5, 2021 while trying to calculate New Jersey estimated taxes that involved the NJ Pension Exclusion. At that time, the Exclusion had a ceiling of $100K and not the graduated ceiling of $150k in the current law. Despite receiving several responses that this problem was being flagged for Moderator action (including one on the same day that indicated the problem may have persisted for several years), no action was taken by TurboTax, or at least is visible. On May 17, 2021 I again reposted that it appeared that the program was not calculating NJ taxes properly for the NJ Pension Exclusion. No further responses were received from TurboTax and this eroded confidence in its software and its 100% accuracy guarantee. From the lack of action or response to date, it is doubtful that this error will be corrected in the upcoming software updates. Perhaps I am mistaken, but recommend that users check carefully before filing.
