Live in Colorado. Wife has 1099R disability, 58 yrs old. Does she qualify for exclusion?

[TomK · Accepted solution]

Yes... At least 55 years old, but not yet 65, then you are entitled to subtract $20,000 or the total amount of your taxable pension/annuity income, whichever is smaller.

Colorado Individual Income Tax Filing Guide (page 9): https://www.colorado.gov/pacific/sites/default/files/104Book.pdf