alexa

States that tax or do not tax DB monthly pension payments

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alexa    0

Does anyone have a recent list of which states do & do not tax monthly pension annuities?

we are a quasi state governmental entity

thanks

Alexa

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alexa    0

I'm talking about are pension payments considered state taxable income

e.g. PA doe snot state tax monthly pension payments

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GMK    160

Taxability of Retirement Benefits Varies From State to State. Seven states do not tax individual incomeretirement or otherwise: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming.

Here are some links that might be informative to you:

http://www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/

http://www.retirementliving.com/taxes-by-state

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