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Returning Member
posted Jan 30, 2023 11:57:09 AM

Colorado Retired Military Subtraction

 I live in Colorado and I am using Turbo Tax Deluxe 2022. I am trying to find out how to enter my military exclusion based on my age.  I have clicked on the Military Subtraction link but it only has Military benefits received under age 55.     How do I enter the Military Subtraction for my age (71 years old)?

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1 Replies
Expert Alumni
Jan 30, 2023 12:30:56 PM

Retirees 65+ may exclude $24,000 for Social Security and qualified retirement income. Please follow these steps to enter your retirement exclusion:

 

  1. Select State on the left
  2. Continue through the questions until the "Pension and Annuity Income" screen and enter your retirement exclusion under "Qualifying Pension and Annuity Income"