turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

The program is telling me to take 25% off the ct teachers retirement it should be 50%

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

The program is telling me to take 25% off the ct teachers retirement it should be 50%

The budget that just passed maintains the exemption for the taxable years commencing January 1, 2017 and January 1, 2018,  at 25%. The exemption would increase to 50% beginning in the taxable year commencing January 1, 2019 and each taxable year thereafter.

http://www.ct.gov/trb/cwp/view.asp?A=1598&Q=558106

View solution in original post

1 Reply

The program is telling me to take 25% off the ct teachers retirement it should be 50%

The budget that just passed maintains the exemption for the taxable years commencing January 1, 2017 and January 1, 2018,  at 25%. The exemption would increase to 50% beginning in the taxable year commencing January 1, 2019 and each taxable year thereafter.

http://www.ct.gov/trb/cwp/view.asp?A=1598&Q=558106

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies