Question

Are social security benefits taxable in colorado

Forum|Forum|7 years ago
June 6, 2019
2 replies
0 views

TurboTax says my social security benefits that are taxable on my Federal return are not taxable on my Colorado State return; is this correct?

TurboTax Deluxe Online

G

gtj1

Where do I make these adjustments on my Colorado taxable income?

D

DavidD66

In Colorado, taxpayers 55-64 years old can exclude a total of $20,000 for Social Security and qualified retirement income and those 65 and over can exclude up to $24,000 of Social Security benefits and qualified retirement income. Additionally, Social Security benefits not taxed by the federal government are not added back to adjusted gross income for state income tax purposes.

So it's quite possible none of your social security benefits are taxable in Colorado.

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