Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
swinter88
New Member

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

 
1 Best answer

Accepted Solutions
TomK
New Member

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

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

View solution in original post

1 Reply
TomK
New Member

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

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

View solution in original post

Dynamic AdsDynamic Ads
Privacy Settings
v