Line 4 on 2022 DR 0104AD is not populating, and Turbotax needs to be updated for HB 21-1311

Adjustments to Taxable Income Social security income.

Under current law, taxpayers may deduct a limited amount of pension and annuity income, which includes federally taxable social security income, when calculating Colorado taxable income. The deduction is limited to $20,000 for taxpayers age 55 to 64, and $24,000 for taxpayers age 65 and over. Beginning for tax year 2022, the bill increases the limit so that all federally taxed social security income is deductible in Colorado. The current caps still apply to all other forms of pension and annuity income and the caps may only be exceeded when social security income specifically is higher than the cap. For taxpayers whose social security income exceeds the $20,000 and $24,000 caps, the deduction is limited to their amount of social security income.