There are 2 different subtractions. From the 2022 CT-1040 instructions. Page 9: Line 45: 50% of Connecticut Teachers’ Retirement Pay Subtract 50% of the income received from the Connecticut Teachers’ Retirement System, provided you properly included such income in federal adjusted gross income for federal income tax purposes. You must have received a Form 1099‑R from the Connecticut Teachers’ Retirement Board to be eligible for the subtraction modification.
Page 10: Line 48b: 100% of Pension or Annuity Income If your filing status is single, married filing separately, or head of household with federal AGI for the taxable year of less than $75,000 or married filing jointly with federal AGI of less than $100,000, and you receive income from certain pensions and annuities, such as from a defined benefit plan, 401(k), 403(b) or 457(b) plans, you qualify for this subtraction modification.
Retired teachers may claim either the teachers’ pension subtraction modification or the pension and annuity subtraction modification (if their federal adjusted gross income is below the applicable threshold) on the income they receive from the Connecticut Teachers’ Retirement System. Connecticut law does not allow a double benefit for the same income.
Example: Anna’s filing status on her Connecticut resident return is single. She receives $30,000 from the Teachers’ Retirement System and $38,000 in pension payments from XYZ Corporation for the taxable year. Both amounts are includible in Anna’s federal gross income, and her federal AGI is less than $75,000. On the Connecticut return for the taxable year, Anna may subtract $15,000 ($30,000 x 50%) on Line 45, Schedule 1, Form CT‑1040, and $38,000 as a pension and annuity income subtraction modification on Line 48b, Schedule 1, Form CT‑1040. @Ed P
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