Most responses indicate that 50% of the Teacher Retirement Pension income is not taxable (assuming AGI is less than $75k for a single person), however TT is only reducing income by 50%. TT is NOT treating teacher's pensions correctly. I have talked with reps from AARP who are doing taxes for the elderly in CT and they have confirmed that the reduction should be 100%. The 50% reduction applied to last year's taxes.
