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Colorado Pension and Annuity Subtraction change for 2022.
Hi Colorado House Bill 21-1311 changed Pension and Annuity Subtraction change for 2022.
Beginning in 2022, all federally taxed Social Security income is deductible for taxpayers 65 and over (amounts exceeding $24,000 were previously taxable).
It seems Turbo Tax for Colorado still uses the old Pension and Annuity Subtraction 55..64 age $20000 and 65... age $24000 deductions.
Any suggestions?
Thank you
‎January 28, 2023
3:27 PM