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Turbo Tax "learn more" states 50% of CT teacher's taxable retirement income in 2017 can be subtracted. Why am I allowed to enter only 25%?

 
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GinnyF
New Member

Turbo Tax "learn more" states 50% of CT teacher's taxable retirement income in 2017 can be subtracted. Why am I allowed to enter only 25%?

The Connecticut legislature moved recently to delay the 50% exclusion for teacher's retirement pensions until 2019. The percentage, due to those law changes, mean that for 2017 and 2018, the teacher's pension exclusion will remain at 25%.

The program is calculating the exclusion correctly at 25% exclusion. A new help message has been released which shows that the exclusion has been changed and that the 2017 and 2018 percentages will be 25%.

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1 Reply
GinnyF
New Member

Turbo Tax "learn more" states 50% of CT teacher's taxable retirement income in 2017 can be subtracted. Why am I allowed to enter only 25%?

The Connecticut legislature moved recently to delay the 50% exclusion for teacher's retirement pensions until 2019. The percentage, due to those law changes, mean that for 2017 and 2018, the teacher's pension exclusion will remain at 25%.

The program is calculating the exclusion correctly at 25% exclusion. A new help message has been released which shows that the exclusion has been changed and that the 2017 and 2018 percentages will be 25%.

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