Form Income 18 - Pension Subtraction For Married Couples When Both Spouses Receive Social Security

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TAXPAYER SERVICE DIVISION
FYI – For Your Information
Pension Subtraction for Married Couples
When Both Spouses Receive Social
Security
For Colorado income tax purposes,
filing joint income tax returns, Colorado
pension recipients can exclude certain
law requires that they prorate that
pension benefits that are taxable for
portion of the benefits included in their
federal income tax purposes on the
federal taxable income between them.
Colorado 104 Form.
Taxable benefits are prorated in the ratio
of their separate benefits to their total
Social Security benefits qualify for the
benefits in order to determine their
Colorado pension subtraction. But when
separate Colorado pension subtraction.
a husband and wife are both receiving
[C.R.S. 39-22-104 (4) (f) (III)].
Social Security benefits and they are
Use the following worksheet to prorate Social Security benefits included in
your federal taxable income:
1)
Husband’s total Social Security benefits for the year
$_____________
2)
Wife’s total Social Security benefits for the year
$_____________
3)
Total of lines 1 and 2
$_____________
4)
Husband’s percentage (line 1 divided by line 3)
_____________
5)
Wife’s percentage (line 2 divided by line 3)
_____________
6)
Taxable amount of Social Security benefits included on
federal Form 1040 or federal Form 1040A
$_____________
Colorado Department
of Revenue
Taxpayer Service Division
7)
Husband’s share of taxable Social Security benefits
1375 Sherman St.
(amount on line 6 multiplied by percentage on line 4)
$_____________
Denver, Colorado 80261
8)
Wife’s share of taxable Social Security benefits
Forms and other services:
(303) 238-FAST (3278)
(amount on line 6 multiplied by percentage on line 5)
$_____________
Assistance:
(303) 238-SERV (7378)
PAGE 1 OF 2
INCOME 18 (09/04)

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