bb123
Returning Member

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