is retirement income and annuity taxable for state of Colorado taxes?
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Colorado law excludes from Colorado state income tax total pension income up to $20,000 per year per person for those retirees age 55 through 64, or $24,000 for those retirees age 65 and over.
For more information visit CO state Website
Is my AT&T Annuity Pension eligible for a deduction from Michigan income tax?
it depends on when you were born. Here is a summary on how the State of Michigan deducts pensions. Keep in mind, your AT&T pension is from a private source, Pay attention to anything referring to private source and the year the oldest spouse was born, if you are filing jointly.
For joint filers, the age of the oldest spouse determines the age category.
Pension recipients born before 1946:
Pension recipients born during the period 1946 through 1952:
Pension recipients born after 1952:
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