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tax info

NYS Pension Taxation by State

Will Your NYS Pension be Taxed if you Move to another State?

In response to the many inquiries we have received, we have prepared the following table of important information. While our main focus was NYS pension taxation, we have also noted other types of taxation we thought might be of interest to our New York retirees. The following taxability information was obtained from each state’s web site. We hope you find it informative and use it as a starting point.

If you are reviewing this information to seriously contemplate a move to a particular 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 up to date.

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.

The information in the table below was reviewed and found to be accurate, as of 1/8/2013.

 

State Income
Tax
Tax NY
Pension
Tax IRC 457's or
Deferred
Comp.
Tax
Social
Security
Comments
Alabama Yes No Yes No NYS pension exempt as a defined benefit plan. Tax info 334-242-1170 or ador.state.al/us
Alaska No No No No No Income Tax. Tax info 907-269-6620 or tax.alaska.gov
Arizona Yes Yes Yes No Tax info 602-255-3381 or azdor.gov
Arkansas Yes Yes Yes No Exclude up to $6,000 of Pension & annuity Income; tax info 800-882-9275 or Arkansas.gov/dfa Traditional IRA qualifies, if over 59 1/2.
California Yes Yes Yes No Tax info 800-852-5711 or ftb.ca.gov
Colorado Yes Yes Yes Yes, if federally taxed. Pension/annuity/social security subtraction. 55-64 exclude up to $20,000. 65 or older exclude up to $24,000. Tax info 303-238-7378 or revenue.state.co.us
Connecticut Yes Yes Yes Yes, if federally taxed. *Social Security: If federal income is less than $50,000 (single) and $60,000 (married), can subtract the federally taxed portion.  If above these amounts, complete worksheet to determine tax.  Info 860-297-5962 or ct.gov/drs
Delaware Yes Yes Yes No 60 and over, exclusion up to $12,500. Under age 60, exclusion limited to $2,000. Tax info 302-577-8200 or revenue.delaware.gov
Dist. Of Columbia Yes Yes Yes No DC Tax Info 202-727-4829 or taxhelp@dc.gov
Florida No No No No No Income Tax. Tax info 800-352-3671 or 850-488-6800 or dor.myflorida.com/dor/taxes
Georgia Yes Yes Yes No At 62, retirement income exclusion up to $35,000 maybe allowed. Tax info 404-417-2400 or 877-423-6177 or etax.dor.ga.gov
Hawaii Yes No Yes* No Employer funded pension plans exempt, *these self-funded plans may be fully or partly taxable. Tax info 800-222-3229 or hawaii.gov/tax
Idaho Yes Yes Yes No Tax info 800-972-7660 or tax.idaho.gov
Illinois Yes No No No Tax info 800-732-8866 or revenue.state.il.us
Indiana Yes Yes Yes No May have county tax. Call 317-232-2240 or ai.org.dor
Iowa Yes Yes Yes Yes, if federally taxed. *Being phased out. Pension/retirement income exclusion $6,000 or $12,000 based on filing status & age. Tax info 515- 281-3114 or state.ia.us/tax In 2012 taxable Social Security reduced by 67%, 89% in 2013, 100% in 2014..
Kansas Yes Yes Yes Yes, if federally taxed. If federal income is less than $75,000, social security is exempt.  Tax info 785-368-8222 or ksrevenue.org
Kentucky Yes Yes Yes No Exclusion up to $41,110 for pension and annuity. Tax info 502-564-4581 or revenue.ky.gov
Louisiana Yes Yes Yes No Over 65 retirement income exclusion up to $6,000 (single). If joint and both have retirement income, can exclude up to $12,000. Tax info 225-219-0102 or rev.state.la
Maine Yes Yes Yes No Deduct up to $6,000 of pension & annuity income; reduced by social security received. Tax info 207-626-8475 or maine.gov/revenue
Maryland Yes Yes Yes No Over 65, taxable pension and annuity exclusion up to $27,100 (reduced by social security received). Tax info 800-638-2937 or individuals.marylandtaxes.com/senior/pension.asp
Massachusetts Yes Yes Yes No Reciprocal pension exclusion with NY: if over 591/2 , can exclude up to $20,000.  Tax info 617-887-6367 or mass.gov
Michigan Yes Yes* Yes No *NYS pension taxed as "private" pension.  Allowable exclusions: $45,842 (single); $91,684 (joint). Tax info 517-636-4486 or michigan.gov/taxes
Minnesota Yes Yes Yes Yes, if federally taxed "Over 65 subtraction," schedule with age and income requirements.  Tax info 800-652-9094 or taxes.state.mn.us
Mississippi Yes No No No Tax info (601) 923-7000 or mstc.state.ms.us
Missouri Yes Yes* Yes Yes, may be reduced May deduct up to 100% of public pension: if Missouri AGI is less than $85,000 (single) and $100,000 (married).  For higher incomes, may qualify for partial exemption. Social Security deduction up to 100% of taxable portion in 2012 at age 62, same income levels apply. Pension exemption must be reduced by Social Security. Tax info 573-751-3505 or dor.mo.gov/tax
Montana Yes Yes Yes Yes* Partial pension exclusion up to $3,830 per individual and income requirement, under $33,835 ($35,750 JT).   *Social Security worksheet to determine taxable amount.  Tax info 866-859-2254 or mt.gov/revenue
Nebraska Yes Yes Yes Yes, if federally taxed Tax info 800-742-7474 or revenue.ne/gov
Nevada No No No No No Income Tax. Tax info 866-962-3707 or tax.state.nv.us
New Hampshire Yes* No No No *Income tax on Interest & Dividends. Tax info 603-271-2311 or nh.gov/revenue
New Jersey Yes Yes Yes No Over 62 and gross income less than $100,000, pension, annuity or IRA exclusion: $15,000 (single), $20,000 (joint), $10,000 for MFS.  Also an "other retirement income" exclusion.  Tax info 609-292-6400 or state.nj.us/treasury/taxation
New Mexico Yes Yes Yes Yes, if federally taxed Over 65, up to $8,000 exclusion. Tax info 505-827-0908  or tax.state.nm.us
New York Yes No *Yes No *Up to $20,000 exclusion for pension, annuity or Def. Comp. Tax info 518-457-5181 or tax.ny.gov
North Carolina Yes Yes* Yes No* Social security, if federally taxable, deduct on North Carolina return.  $4,000 public pension exclusion; or private pension $2,000.  Tax info 877-252-3052 or dor.state.nc.us
North Dakota Yes Yes Yes Yes, if federally taxed Tax info 701-328-2770 or nd.gov/tax
Ohio Yes Yes Yes No Retirement Income Credit $200; Senior Citizen Credit $50; also lump sum retirement credits. Tax info 800-282-1780 or tax.ohio.gov
Oklahoma Yes Yes Yes No Retirement Exclusion up to $10,000; amount must be included in AGI. Tax info 405-521-3160 or tax.ok.gov
Oregon Yes Yes Yes No Over 62, retirement income credit.  Tax info 800-356-4222 or oregon.goc/DOR
Pennsylvania Yes No No No Tax info 717-787-8201 or facts line 888-PATAXES or revenue.state.pa.us
Rhode Island Yes Yes Yes Yes, if federally taxed Tax info 401-222-1040 or tax.ri.gov
South Carolina Yes Yes Yes No Retirement 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 843-852-3600 or sctax.org
South Dakota No No No No No Income Tax. Tax info 605-773-3311 or state.sd.us
Tennessee Yes* No No No *Income tax on interest & dividends. Tax info 615-253-0600 or tennessee.gov/revenue
Texas No No No No No Income Tax. Tax info 877-662-8375 or window.state.tax.us
Utah Yes Yes Yes Yes Retirement tax credit, with income limits.  Tax info 800-662-4335 or tax.utah.gov
Vermont Yes Yes Yes Yes, if federally taxed Tax info 802-828-2865 or state.vt.us
Virginia Yes Yes Yes* No Over 65 exclusion up to $12,000.  At age 64, up to $6,000 exclusion.  *Previously taxed retirement plans can be subtracted.  Tax info 804-367-8031 or tax.virginia.gov
Washington No No No No No Income Tax. Tax info 800-647-7706 or dor.wa.gov
West Virginia Yes Yes Yes Yes, if federally taxed Seniors tax relief may exclude up to $8,000. Tax info 800-982-8297 or wva.state.wv.us/tax
Wisconsin Yes Yes Yes No Exclude up to $5,000 of retirement income, with income requirement. Tax info 608-266-2486 or revenue.wi.gov
Wyoming No No No No No Income Tax. Tax info 307-777-7961 or revenue.state.wy.us

 

 

RPEA Retired Public Employees Association, 435 New Karner Road, Albany, NY 12205, (518) 869-2542 or toll-free (800) 726-7732