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Retirement tax questions
JamesG1,
You are referencing a 2020 document. For taxpayers over 65 Colorado may now exclude the entire amount of federal taxable Social Security.
The Pension and Annuity Exclusion Worksheet line 6 verbiage in TTax 2022 is incorrect. In my return the amounts were not calculated though the exclusions reported on Form 104AD are correct.
I am not able to find the above worksheet in the CO forms and documents though TurboTax is still using it.
This is from Income Tax Topics: Social Security, Pensions, and Annuities, dated February 2023. It includes a "Joint social security benefits worksheet" that appears to replace the older Exclusion Worksheet
‎February 17, 2023
4:34 PM