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Retirement tax questions
For Tax Year 2023, Connecticut exempts retirement income for taxpayers with income under 75,000 Single and 100,000 Joint. If the taxpayer is over that limit, their retirement is subject to tax, with only 25% guaranteed to be exempt from tax.
Starting tax year 2024, the taxable portion of retirement income will be on a sliding scale.
For Tax Year 2024, with an income of 109,000 Married Filing Jointly, you can exempt 70% of your retirement income.
{Edited 04/02/2024 I 2:48 pm PST]
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‎April 2, 2024
12:42 PM