P.A.R.A
Bulletin Board

 

Before You Move - Consider the Following

State Has a State Income Tax ? NY State & Local Pension Benefits Included in Taxable Income ?

Social Security Benefits Taxed ?

Comments
Alabama Yes No Yes Pension not taxable.
Arizona Yes Yes No No Exclusion for NY pension distributions.
California Yes Yes No No Exclusion for N pension distribution
Colorado Yes Yes Yes Pension & Social Security combined exclusion per taxpayer $24,000 in 2000.
Connecticut Yes Yes No* *Social Securtiy income excluded if Line 1 is $50,000 for single filers, married filing seperate. $60,000 for married filing joint.
Florida No No No No income tax.
Georgia Yes Yes No Age 62 may exclude up to $13,000 per taxpayer.
Maine Yes Yes No No Exclusion for NY pension distributions.
Maryland Yes Yes No Maximum Pension Exclusion $16,000.
Massachusetts Yes Yes No Pension exclusion up to $20,000.
Nevada No No No No income tax.
New Hampshire No* No No *Interest & Dividends Taxed.
New Jersey Yes Yes No Pension Exclusion - Married filing joint - $10,000. Married filing separate - $5,000. Single - $7,500. See last item**
New Mexico Yes Yes Yes No Exclusion for NY pension distributions.
New York Yes No No NYS Pension exempt.
North Carolina Yes Yes No $4,000 public pension exclusion per taxpayer.
Ohio Yes Yes No No Exclusion for NY pension distributins. Retirement income Credit Limit $200. Senior Citizen Credit $50.
Pennsylvania Yes No No NY Pension exempt.
South Carolina Yes Yes No Under 65 pension exclusion $3,000. Age 65 & up pension & income exclusions limited to $15,000.
Tennessee No* No No *Interest & Dividends Taxed.
Texas No No No No Income Tax.
Vermont Yes Yes Yes No Exclusion for NY pension distributions.
Virginia Yes Yes No Age Exclusion $6,000 ages 52,63,64. $12,000 age 65 and older.
Washington No No No You may exclude pension benefits up to $34,170 for single filer and $68,340 for married filing joint. In addition a Senior Citixen exclusion up to $7,620 filing single or $15,240 filing a joint return. Senior exclusion reduced by pension benefit.
Delaware Yes Yes No Under 60 amount excludable up to $2,000. Age 60 and over pension received or $12,500 whichever is less.
Rhode Island Yes Yes Yes No exclusion for NY pension distributions.
Missouri Yes Yes Yes Up to $6,000 pension exclusion per taxpayer.
Illinois Yes No No Pension & deferred Comp. not taxable.
Oregon Yes Yes No No exclusion for NY pension distributions.
Kentucky Yes Yes No Retirement Income exclusion up to $35,700.
Indiana Yes Yes No No exclusion for NY pensiion distributions.
West Virginia Yes Yes Yes Age 65 exclusion up to $8,000.
Louisiana Yes Yes No Age 65 and older exclusion up to $6,000.
Oklahoma Yes Yes No Age exclusion up to $3,300.
Utah Yes Yes Yes Exclude up to $4,800 less than age 65 with income limits. Age 65 and older up to $7,500.
Wisconsin Yes Yes Yes No exclusion for NY pension distributions.
Hawaii Yes No No Deferred Compensation Plan may be taxable.
Mississippi Yes Yes No Pension Benefits are exempt.
D.C. Yes Yes No Pension exclusion up to $3,600.
Arkansas Yes Yes No A $6,000 exemption for retirement or disability income for distributions from public or private retirement systems.
Minnesota Yes Yes Yes No Pension exclusion. Has age 65 exclusion.
Montana Yes Yes Yes Pension exclusion up to $3,600.
Nebraska Yes Yes Yes No exclusion for NY pension distributions.
Iowa Yes Yes Yes Pension & Deferred Comp. may qualify for partial exclusion up to $5,000 for single and up to $10,000 for married filing joint.
Kansas Yes Yes Yes No exclusion for NY pension distributions.
Alaska No No No No Income Tax.
Wyoming No No No No Income Tax.
South Dakota No No No No Income Tax.
Idaho Yes Yes No No exclusion for NY pension distributions.
North Dakota Yes Yes Yes No exclusion for NY pension distributions.
New Jersey** Yes Yes No Pension exclusion age 62 or higher. Married filing joint - $10,000. Married filing separate - $5,000. Single - $7,500.

* Thanks go to PA retiree Mr Herbert Ouida for his timely notification of an error in the table. He brought attention that the New Jersey pension exclusion applies to individuals who are 62 or older or to someone who is disabled.



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