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Why is the teachers pension exemption not showing as a deduction on my CT state tax return?

 
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IreneS
Intuit Alumni

Why is the teachers pension exemption not showing as a deduction on my CT state tax return?

UPDATED FOR TAX YEAR 2019

 
CT allows an exemption of 25% of the CT Teacher Retirement pay.
 
If you are going through the interview for your CT state tax return for the first time, you should see a screen, Any Taxable Teachers Retirement Pay? 
 
Enter the amount of the CT Teachers Retirement in the box and TurboTax will calculate the credit for you.

 

If you have completed the CT interview, when you go back into the return, you will see the screen Your 2019 taxes are ready for us to check.

  1. Click the Edit box next to Income. 
  2. On the screen, Here's the income that Connecticut handles differently, in the Retirement section, click the Start/Update box next to Teacher's Retirement Pay.
  3. Enter the amount of the CT Teachers Retirement in the box and TurboTax will calculate the credit for you.

The deduction should show on line 45 of Schedule 1 of the CT-1040.

 

[Edited | 4/13/2020 |  7:33 am PDT]

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2 Replies
IreneS
Intuit Alumni

Why is the teachers pension exemption not showing as a deduction on my CT state tax return?

Are you using the online or CD/Download version of TurboTax?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
IreneS
Intuit Alumni

Why is the teachers pension exemption not showing as a deduction on my CT state tax return?

UPDATED FOR TAX YEAR 2019

 
CT allows an exemption of 25% of the CT Teacher Retirement pay.
 
If you are going through the interview for your CT state tax return for the first time, you should see a screen, Any Taxable Teachers Retirement Pay? 
 
Enter the amount of the CT Teachers Retirement in the box and TurboTax will calculate the credit for you.

 

If you have completed the CT interview, when you go back into the return, you will see the screen Your 2019 taxes are ready for us to check.

  1. Click the Edit box next to Income. 
  2. On the screen, Here's the income that Connecticut handles differently, in the Retirement section, click the Start/Update box next to Teacher's Retirement Pay.
  3. Enter the amount of the CT Teachers Retirement in the box and TurboTax will calculate the credit for you.

The deduction should show on line 45 of Schedule 1 of the CT-1040.

 

[Edited | 4/13/2020 |  7:33 am PDT]

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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