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In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
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- CT PENSION EXCLUSION
CT PENSION EXCLUSION
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ejdtaxman
Level 7
02-10-2023
01:14 PM
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Hopefully there are some CT practitioners out there that can clean this up for me.
My research shows that for TY 2022 "income-eligible taxpayers may deduct 100% of their qualifying pension and annuity income from their CT taxable income." For MFJ the threshold is 100k.
I have a client with CT AGI less than 100k and proseries is not generating any kind of exclusion or subtraction for her and her hubby's pension income. 2 of the pensions are NY based, but one is CT based. Is there some other reason why they wouldn't be eligible for this, or are we just waiting for a software update?
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