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bob1546
New Member

My turbo tax software is calculating my NJ Pension Exclusion at $ 30000. is this correct, I think it should be $15000

Line 27A  is $30000 along with 27 C
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SweetieJean
Level 15

My turbo tax software is calculating my NJ Pension Exclusion at $ 30000. is this correct, I think it should be $15000

It is $30,000 for a single person for 2017. It was $15,000 for 2016, and goes up again for 2018, 2019 and 2020.

https://www.forbes.com/sites/ashleaebeling/2016/10/13/new-jersey-retirement-income-break-to-quintupl...

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SweetieJean
Level 15

My turbo tax software is calculating my NJ Pension Exclusion at $ 30000. is this correct, I think it should be $15000

It is $30,000 for a single person for 2017. It was $15,000 for 2016, and goes up again for 2018, 2019 and 2020.

https://www.forbes.com/sites/ashleaebeling/2016/10/13/new-jersey-retirement-income-break-to-quintupl...

View solution in original post

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