IC 6-3-2-3.7: Remainder of federal civil service annuity minus certain retirement benefits; deduction

Sec. 3.7. (a) Each taxable year, an individual or the individual's surviving spouse is entitled to an adjusted gross income tax deduction equal to the remainder of:

(1) the:

(A) first eight thousand dollars ($8,000), for taxable years beginning after December 31, 2014, and before January 1, 2016; and

(B) first sixteen thousand dollars ($16,000), for taxable years beginning after December 31, 2015;

which is received by the individual or the individual's surviving spouse during the taxable year from a federal civil service annuity, and which is included in adjusted gross income under Section 62 of the Internal Revenue Code; minus

(2) the total amount of Social Security benefits and railroad retirement benefits received by the individual or the individual's surviving spouse during the taxable year.

(b) The individual is only entitled to the deduction provided by this section if the individual is at least sixty-two (62) years of age before the end of the taxable year. This subsection does not apply to the individual's surviving spouse.