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If I am Eligible for Both the PERA/DPS Modification and the Pension Subtraction, Which One Should I Claim?

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Question
If I am Eligible for Both the PERA/DPS Modification and the Pension Subtraction, Which One Should I Claim?

Answer

PERA/DPSRS Subtraction

If you made contributions to PERA between July 1, 1984, and December 31, 1986, or to Denver Public Schools District No. 1 Retirement during 1986 and your 2021 federal taxable income includes pension income, see FYI Income 16 to determine if you can take a subtraction for any of your pension income.

Submit a copy of your previously taxed contribution.

PERA statements can be obtained from
Copera.org or by calling 1-800-759-7372. Submit using Revenue Online or attach to your
paper return.

Do not list the amount of contributions you made as an employee this past year.


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Article Details
Views: 1893 Created on: Jun 15, 2013
Date updated: Jan 03, 2022
Posted in: States, Colorado

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