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Were do I get ct state tax 14% pension annuity income credit on 2020 form CT 1040
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February 12, 2021
9:09 AM
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Retirement tax questions
The CT 1040, pages 3 & 4 handle subtractions to CT income. Line 48b calculates 28% of pension or annuity income. If your federal AGI is $75,000 or more ($150,000 if MFJ) then no deduction is allowed. The program should calculate it for you. See How do I preview my TurboTax Online return before filing?
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February 16, 2021
1:13 PM
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Retirement tax questions
are you certain about the $150,000 if MFJ? Turbotax isn't calculating this 28% subtraction for me on our CT 1040 and our Federal AGI is $110,000 (MFJ )
February 18, 2021
3:16 PM
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Retirement tax questions
According to this website, the income limits are $75,000 for single taxpayers and $100,000 for couple filing jointly.
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February 18, 2021
3:39 PM
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Retirement tax questions
that's correct -- that's the info published in "CT-1040-Online-Booklet_0221.pdf" ($75k single, $100k MFJ federal AGI amount)
February 18, 2021
3:43 PM