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

posted

Connect with an expert

1 Best answer

Accepted Solutions

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

1 Reply

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...

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post