MaryK4
Employee Tax Expert

Retirement tax questions

Yes, TurboTax has been updated to include the in the Wisconsin section, look for "Income Adjustments" to find the "Retirement Benefit Adjustments" line. @rk38 

 

Starting with the 2025 taxable year, individuals who are at least 67 years of age before the close of the taxable year may subtract up to $24,000 of qualifying retirement income received. A married couple who file a joint return and are both at least 67 years old at the close of the taxable year may subtract up to $48,000 of qualifying retirement income, regardless of how much retirement income each spouse received.

See Pub 126 How Your Retirement Benefits Are Taxed

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