Can I Exclude my Colorado PERA or School District No. 1 Retirement Income?

The Colorado Individual Income Tax Return, Form 104, enables recipients of certain pension benefits to exclude from their Colorado taxable income portions of their benefits for which they previously paid Colorado income tax. [§39-22-104(4)(c), C.R.S.] There is no age limitation for this subtraction. If a taxpayer received pension benefits, they might be able to use this subtraction if: [...]

Am I Eligible for the Colorado Qualified State Tuition Program Subtraction?

CollegeInvest Contribution Contributions to CollegeInvest can be deducted from your return. The contribution must have been included on your federal income tax return and calculated as part of your federal taxable income. We recommend that you read publication FYI Income 44 if this applies to you. The three fields on line 6 should be left blank if the taxpayer and/or spouse are the [...]

Who Can Claim A Colorado Long-Term Care Insurance Credit?

A Colorado resident who purchases or makes a payment for a long-term care insurance policy may be able to claim a Long-Term Care Insurance credit. To qualify for the credit, the individual or spouse listed on the income tax return must also be the policyholder of such insurance. [§39-22-122, C.R.S.] LIMITATIONS General Limitation Only one qualifying policy may be claimed per individual [...]

Iowa Mileage Deduction for Charitable Purposes

Mileage Deduction Charitable Purposes Iowa allows an additional deduction for automobile mileage driven for charitable organizations. Calculate the deduction as follows: Number of miles x 39¢ / mile Less charitable mileage deduction already claimed on the Iowa Schedule A Equals additional mileage deduction for charitable purposes This information is based on 422.9(2)(d) and [...]

Can I deduct my Iowa vehicle registration fee?

Vehicle Registration Fee Deduction and Worksheet If you itemize deductions, a portion of the automobile or multipurpose vehicle annual registration fee you paid in 2019 may be deducted as personal property tax on your Iowa Schedule A, line 6, and federal form 1040, Schedule A, line 5c. This deduction includes annual registration fees paid based on the value of qualifying automobiles and [...]