Delaware allows a $12,500 subtraction of pension income for taxpayers age 60 and over. This includes military and non military retirement/pension income. For taxpayers under the age of 60, Delaware allows a subtraction of up to $2,000 for nonmilitary retirement income and up to $12,500 for military retirement/pension income.
TaxSlayer Pro automatically calculates the subtraction for taxpayers age 60 and over. For taxpayers under age 60, the program automatically subtracts up to $2,000 of nonmilitary retirement.
For a taxpayer under the age of 60, to exclude military retirement income from the Delaware individual tax return in TaxSlayer Pro, from the Delaware Tax Return menu select:
- DE Addition/Subtractions
- Pension Exclusion
- Under 60 Pension (Military Pension) - Enter the full military pension as a positive number.
- Military Pension included in Pension Exclusion? - Answer Yes for taxpayer or spouse as applicable.
Additional Information:
Delaware DOR: Individual Income Tax Return Instructions
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