AnnetteB6
Expert Alumni

Retirement tax questions

Yes, the exclusion is per person, but it is calculated separately for each individual.  This means that each person can qualify up to the maximum amount, but for a joint return the maximum exclusion is not necessarily twice the maximum unless each person fully qualifies based on age and income.

 

The following document from the Colorado Department of Revenue contains more information:  Pension and Annuity Subtraction

 

 

@JerryF1

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