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Colorado 2025 Social Security & Pension Deduction
I just downloaded the most recent Colorado 2025 tax product. For my fed product it shows that the pension forms are still not available, however, in the state product it provides a 2025 pension worksheet that appears to be what is being used. I am 65 years old my wife is 63 years old and we both get SS and a separate work related pension. It appears that the TT Colorado product is still using the old calculation of only allowing me to deduct a total of 24K and my spouse 20K. However, per the new 2025 Colorado tax code I should be able to deduct my full SS and in addition 24K of my pension without any AGI limits, where as my wife is still limited by AGI and age (under 65) to only deduct a total of 20K. Is this something that TT is still working on or is my understanding of the Colorado tax code incorrect?