Reviewing the exclusion text for 2022 SSA and Pension exclusion the wording is:
"Coloradans age 65 and older can fully deduct Social Security benefits from their state income, effective with the 2022 tax returns they file in 2023."
Reviewing the TTax22 Pension Annuity Exclusion Worksheet, Lines 3a, 3b show the values we received from our SSA-1099s. However, Line 3c, shows both values of Line 3b reduced by 15%. Further, Line 1c shown on Line 5 was reduced about 23%.
Why would the full amounts be reduced?
