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Were do I get ct state tax 14% pension annuity income credit on 2020 form CT 1040

 
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4 Replies
AmyC
Expert Alumni

Were do I get ct state tax 14% pension annuity income credit on 2020 form CT 1040

The CT 1040, pages 3 & 4 handle subtractions to CT income. Line 48b calculates 28% of pension or annuity income. If your federal AGI is $75,000 or more ($150,000 if MFJ) then no deduction is allowed. The program should calculate it for you. See How do I preview my TurboTax Online return before filing?

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cindyfayes
Returning Member

Were do I get ct state tax 14% pension annuity income credit on 2020 form CT 1040

are you certain about the $150,000 if MFJ? Turbotax isn't calculating this 28% subtraction for me on our CT 1040 and our Federal AGI is $110,000 (MFJ )

DaveF1006
Expert Alumni

Were do I get ct state tax 14% pension annuity income credit on 2020 form CT 1040

According to this  website, the income limits are $75,000 for single taxpayers and $100,000 for couple filing jointly.

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cindyfayes
Returning Member

Were do I get ct state tax 14% pension annuity income credit on 2020 form CT 1040

that's correct -- that's the info published in "CT-1040-Online-Booklet_0221.pdf" ($75k single, $100k MFJ federal AGI amount)

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