The General Pension and Annuity Exemption, income-eligible taxpayers may deduct 100% of their qualifying pension and annuity income from their Connecticut taxable income. You are eligible for the exemption if your total federal AGI is below (1) $75,000 for single filers, married people filing separately, and heads of household or (2) $100,000 for married people filing jointly. Pension and annuity income is fully taxable for taxpayers with AGIs equal to or greater than these thresholds
For the Teacher’s Retirement System (TRS) Pension Income, you may deduct 50% of TRS pension income from your Connecticut taxable income.
Taxpayers who are eligible for both the general pension and annuity exemption and the TRS pension exemption may take whichever one is most favorable to them.
For more information: Income Tax Deductions for Retirement Income
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