Colorado taxpayers that are age 65 and older, can fully deduct their Social Security benefits from their state income, effective with the 2022 tax returns that will they file in 2023.
In previous years, people in this age group could deduct up to $24,000 in retirement income, including Social Security payments, but a 2021 state law repealed that cap.
Enter your SSA-1099 as shown in TurboTax, and the information will flow properly through to your Colorado State Tax Return.
Click here for information regarding social security benefits from the Colorado Department of Revenue. See under adjustment to taxable income.
Click here for instruction on how to enter your Form SSA-1099.
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