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Level 1
January 13, 2023
Question

DE Military Pension Exclusion

  • January 13, 2023
  • 1 reply
  • 15 views

DE has begun allowing $12500 pension exclusion for under age 60 recipients. Has anyone figured out how to get the system to automatically deduct $12500 for under 60? I know there must be a magic button but I cannot find it.

Happy Tax Season 😁

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1 reply

Intuit Community Champion
January 13, 2023

Don't know about DE, but most states you will probably have to make a manual entry, as ProSeries doesn't usually do things like that automatic  

BobKamman
Level 15
January 13, 2023

In Arizona, there is a place on the 1099-R input page to indicate with a one-letter code whether the pension is paid by state or local government; federal government; or military.  If they haven't added that to the Delaware page, they should.