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heymrbill
New Member

CT 14% pension subtraction

Starting in 2019, Connecticut allows a 14% subtraction of pension and annuity income.  I don't see this in the CT return in TurboTax.  The pension deduction shown is the 25% teacher's pension subtraction.   How can I enter this??

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5 Replies
MaryK4
Expert Alumni

CT 14% pension subtraction

In the federal tax section of TurboTax, after you enter the 1099-R, you can Select your State- by indicating Connecticut here, it will calculate the correct subtraction.  

 

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JMBlas
New Member

CT 14% pension subtraction

I never saw the screen asking which state the 1099-R retirement income was from. I just reviewed TurboTax Federal steps and I still do not see it. I also do not see where the deduction was applied to my CT State Tax return. Please tell me the steps to find the screen so I can be sure TurboTax figured the pension subtraction.

JMBlas
New Member

CT 14% pension subtraction

I found the entry carried over to CT State under "CT-1040 p3,4" near the bottom of page 3, "Pension subtraction smart worksheet".

Thank you, I am all set now.

CT 14% pension subtraction

For 2020 the amount of the reduction to pension income is 28%.  I cannot find the place on the 2020 return to select the state, so Turbo Tax didn't give me the deduction.  Were is the place to indicate the state?

ErnieS0
Expert Alumni

CT 14% pension subtraction

@john11840 TurboTax now does this calculation automatically. You do not have to to anything.

 

The 28% pension subtraction will appear on CT-1040 line 48b.

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