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Level 7
March 13, 2025
Question

KENTUCKY retirement income

  • March 13, 2025
  • 1 reply
  • 6 views

First time doing a Kentucky return. Does the exclusion for pensions max out at $31,110?

90-yr old client has OPM 1099R for $34K and Teachers Retirement 1099R for $42K. Last year's return seems to have excluded both on Sch M. What am I missing?

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1 reply

GretaAuthor
Level 7
March 13, 2025

P.S.  Does it make a difference if the 90-yr+ old client retired in 1984? Does that make all retirement income excluded? If so, on what form? I assume her former tax preparer in KY knows more about his state returns than I do, and he excluded all her pension incomes.

IRonMaN
Level 15
March 13, 2025

I don’t do KY returns so I don’t know the answer but state instructions can be awfully handy at times

Slava Ukraini!