NYS Pension Taxation Requirements By State Will Your NYS Pension be Taxed If You Move to Another State? If you are considering moving to another state, you shou
If you are considering moving to another state, you should be mindful of the fact that states often enact, amend, and repeal their tax laws; please contact their Revenue Agency yourself to verify that the information is accurate. The following taxability information was obtained from each state’s web site.
We also strongly recommend that you do some further preparation, such as discussing the matter with your tax advisor, before making important decisions that may affect the taxability of your pension and other retirement income.
StateIncome TaxTax NY PensionTax IRC 457’s or Deferred Comp.Tax Social SecurityCommentsAlabamaYesNoYesNoNYS pension exempt as a defined benefit plan. Tax info: 334-242-1170 or revenue.alabama.govAlaskaNoNoNoNoNo income tax. Tax info: 907-269-6620 or tax.alaska.govArizonaYesYesYesNoTax info: 800-352-4090 or azdor.govArkansasYesYesYesNoExclude up to $6,000 of pension and annuity income; traditional IRA qualifies; tax info: 501-682-1100 or Arkansas Tax DepartmentCaliforniaYesYesYesNoTax info: 800-852-5711 or ftb.ca.govColoradoYesYesYesYes*Pension/social security deduction; Over 65 exclude up to $24,000; Tax info: 303-238-7378 or colorado.gov/pacific/taxConnecticutYesYesYesYes*Less than $50,000 (single) and $60,000 (married), you can subtract Social Security. If above these amounts, complete worksheet to determine tax. Info: 860-297-5962 or ct.gov/drsDelawareYesYesYesNo60 and over, exclusion up to $12,500; under age 60, exclusion limited to $2,000. Tax info:302-577-8200 or revenue.delaware.govDist. Of ColumbiaYesYesYesNoDC tax info: 202-727-4829 or otr.cfo.dc.gov/FloridaNoNoNoNoNo income tax. Tax info: 800-352-3671 or 850-488-6800 or Florida Tax DepartmentGeorgiaYesYesYesNoRetirement income exclusion from $35,000 to $65,000. Tax info: 404-417-6501 or 877-423-6177 or dor.georgia.gov/taxesHawaiiYesNoYes*NoEmployer funded pension plans exempt, *these self-funded plans may be fully or partly taxable. Tax info: 800-222-3229 or tax.hawaii.govIdahoYesYesYesNoTax info: 800-972-7660 or tax.idaho.gov Retirement Benefits exclusion.IllinoisYesNoNoNoTax info: 800-732-8866 or Illinois Tax Department Exclusion for qualifying retirement plans.IndianaYesYesYesNoMay have county tax; call 317-232-2240 or in.gov/dorIowaYesYesYesNo*Pension/retirement income exclusion $6,000 or $12,000 based on filing status and age; SS not taxed but included in worksheets; tax info: 515-281-3114 or tax.iowa.govKansasYesYesYesYes,If federal income is less than $75,000, Social Security is exempt. Tax info: 785-368-8222 or ksrevenue.orgKentuckyYesYesYesNoExclusion reduced to $31,110 for pension and annuity. Tax info: 502-564-4581 or revenue.ky.govLouisianaYesYesYesNoOver 65 retirement income exclusion up to $6,000 (single). Visit revenue.louisiana.govMaineYesYesYesNoDeduct up to $10,000 of pension and annuity income; reduced by social security received. Tax info: 207-626-8475 or maine.gov/revenueMarylandYesYesYesNoOver 65, taxable pension and annuity exclusion up to $30,600. Tax info: 800-638-2937 or taxes.marylandtaxes.com/individual_taxes/MassachusettsYesYesYesNoReciprocal pension exclusion with NY: Older than 67 can exclude $20,000/$40,000. Tax info: 617-887-6367 or Massachusetts Tax DepartmentMichiganYesYes*YesNo Allowable exclusions depend on your age: $51,570 (single). 517-636-4486 or michigan.gov/taxesMinnesotaYesYesYesYes*“Over 65 subtraction,” schedule with age and income requirements. Tax info: 800-652-9094 or revenue.state.mn.usMississippiYesNoNoNoRetirement income and Social Security not taxable. Tax info: 601-923-7700 or dor.ms.govMissouriYesYesYesYes* Deduct public pension up to $37,720 or maximum social security benefit, if Missouri income is less than $85,000 (single) and $100,000 (married). For higher incomes, may qualify for partial exemption. Tax info: 573-751-3505 or dor.mo.gov/personalMontanaYesYesYesYes*Pension exclusion up to $4,180. *Social Security worksheet to determine taxable amount. Tax info: 866-859-2254 or revenue.mt.govNebraskaYesYesYesYes*Tax info: 800-742-7474 or Nebraska Tax DepartmentNevadaNoNoNoNoNo income tax. Tax info: 866-962-3707 or tax.nv.govNew HampshireYes*NoNoNo5% tax on interest & dividends. Tax info: 603-230-5000 or revenue.nh.govNew JerseyYesYesYesNo$40,000 (single), $60,000 (joint) pension exclusion depending on income level. Tax info: 609-292-6400 or state.nj.us/treasury/taxationNew MexicoYesYesYesYes,*Up to $8,000 exclusion. Tax info:505-827-0700 or tax.newmexico.govNew YorkYesNoYesNoUp to $20,000 exclusion for pension, annuity or Def. Comp. Tax info: 518-457-5181 or tax.ny.govNorth CarolinaYesYesYesNoBailey Settlement Only. Tax info: 877-252-3052 or dornc.comNorth DakotaYesYesYesYes*Tax info: 701-328-1247 or nd.gov/taxOhioYesYesYesNoTax info: 800-282-1780 or tax.ohio.govOklahomaYesYesYesNoTax info: 405-521-3160 or tax.ok.govOregonYesYesYesNoTax info: 800-356-4222 or oregon.gov/dorPennsylvaniaYesNoNoNoCommonly recognized retirement benefits are not taxable for PA purpose if you retired and met the requirements for retirement under your employer’s plan. Tax info: 717-787-8201 or facts line 888-PATAXES or revenue.pa.govRhode IslandYesYesYesYes*$15,000, rules to qualify. Tax info: 401-222-1040 or tax.ri.govSouth CarolinaYesYesYesNoRetirement income deduction up to $3,000 until age 65. At 65, up to $10,000. All residents over 65, are eligible for an income tax deduction of $15,000, reduced by retirement income deduction. Tax info: 844-898-8542 or dor.sc.govSouth DakotaNoNoNoNoNo income tax. Tax info: 605-773-3311 or dor.sd.govTennesseeYes*NoNoNoHall Income Tax Repeal effective 1/1/21 info: 615-253-0600 or tennessee.gov/revenueTexasNoNoNoNoNo income tax. Tax info 800-248-4093 or Comptroller.texas.gov/taxesUtahYesYesYesYesRetirement tax credit, with income limits. Tax 800-662-4335 or tax.utah.govVermontYesYesYesYes*Tax info: 802-828-2865 or tax.vermont.govVirginiaYesYes*YesNoOver 65 exclusion up to $12,000. *Previously taxed retirement plans can be subtracted. Tax info: 804-367-8031 or tax.virginia.govWashingtonNoNoNoNoNo income tax. Tax info 800-647-7706 or dor.wa.govWest VirginiaYesYesYesYes*Seniors tax relief may exclude up to $8,000. Tax info: 800-982-8297 or tax.wv.govWisconsinYesYesYesNoExclude up to $5,000 of retirement income, with income requirement. Tax info: 608-266-2486 or revenue.wi.govWyomingNoNoNoNoNo income tax. Tax info: 307-777-5542 or revenue.state.wy.us