Increases the federal adjusted gross income threshold for modification for taxable social security income. Amends references to federal adjusted gross income as pertains to modification of taxable retirement income from certain pension plans or annuities.
Increases the federal adjusted gross income threshold for modification for taxable social security income. Amends references to federal adjusted gross income as pertains to modification of taxable retirement income from certain pension plans or annuities.
Increases the maximum pension and annuity exclusion from federal adjusted gross income to $22,000.
Authorizing adjustment from federal adjusted gross income for certain law enforcement pension benefit payments
Authorizing adjustment from federal adjusted gross income for certain law enforcement pension benefit payments
Authorizing adjustment from federal adjusted gross income for certain law enforcement pension benefit payments
Authorizing adjustment from federal adjusted gross income for certain law enforcement pension benefit payments
Income tax, optional standard deduction increased, adjusted gross income range allowed for maximum dependent exemption increased
Allows a modification up to $50,000 of taxable pension and/or annuity income includible in federal adjusted gross income for tax years beginning on or after January 1, 2025.
Allows a modification for all taxable pension and/or annuity income includible in federal adjusted gross income for tax years beginning on or after January 1, 2026.