How do I get Turbo Tax to correctly calculate my New York State Pension and Annuity income exclusion?

quinlivan1240 · ‎May 10, 2024

I turned 59 1/2 during 2023. Turbo Tax says that it will take care of this but does not

LenaH

If you were age 59 ½ during the tax year, you can exclude up to $20,000 of pension or annuity income:

If you were already 59 ½ at the beginning of the tax year, you qualify for the full exclusion.
If you turned 59 ½ during the tax year, you can still exclude up to $20,000, but only on amounts received after you turned 59 ½.

Please click here for more information and step-by-step instructions on getting the exclusion on your NY return.

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Do you have an Intuit account?