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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 6/12/07.

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(defined benefit plans are exempt) Tax info (334)-242-1170 or ador.state.al/us
Alaska	No	No	No	No	No Income Tax. Tax info-907-465-2300 or revenue.state.ak.us
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 (501) 682-1100 or Arkansas.gov/dfa
California	Yes	Yes	Yes	No	Tax info (800) 338-0505 or ftb.ca.gov
Colorado	Yes	Yes	Yes	Yes	Pension/annuity/social security subtraction. At 55-exclude up to $20,000. At 65-exclude up to $24,000. Tax info (303)238-7378 or revenue.state.co.us
Connecticut	Yes	Yes	Yes	* See Comments	Up to 50% Social Security taxable, if taxable to IRS. Tax info (860) 297-5962 or ct.gov/drs.
Delaware	Yes	Yes	Yes	No	Under 60, pension/ retirement income exclusion is $2,000. 60 and over, exclusion up to $12,500. Tax info (302)577-8200 or revenue.delaware.gov
Dist. Of Columbia	Yes	Yes	Yes	No	DC Tax Info (202) 727-4829 or cfo.dc.gov
Florida	No	No	No	No	No Income Tax. Tax info 800-352-3671 or 850-488-6800 or dor.myflorida.com
Georgia	Yes	Yes	Yes	No	At 62, retirement income exclusion up to $30,000 maybe allowed. In 2008, 35,000. Tax info (404) 417-4477 or 877-602-8477 or etax.dor.ga.gov
Hawaii	Yes	No	Yes	No	Tax info 800-222-3229 or state.hi.us
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	Pension exclusion $6,000 or $12,000 based on filing status & age. Complete social security worksheet to determine taxable portion. Tax info (515) 281-3114 or state.ia.us/tax
Kansas	Yes	Yes	Yes	Yes	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	Retirement income exclusion up to $6,000 (single) or $12,000 (joint). Tax info-225-219-0102 or rev.state.la.us
Maine	Yes	Yes	Yes	No	Deduct up to $6000 of pension & annuity income; cap reduced by social security received. Tax info-(207) 626-8475 or maine.gov/revenue.
Maryland	Yes	Yes	Yes	No	Pension exclusion up to $22,600 (reduced by social security received). Tax info (800)638-2937 or comp.state.md.us
Massachusetts	Yes	Yes	Yes	No	Reciprocal pension exclusion. $20,000 in case of NYS pensioners. Tax info (617) 887-6367 or mass.gov
Michigan	Yes	Yes	Yes	No	NYS pension taxed as “private” pension: allowable exclusions: $40,920(single); $81,840 (joint). Over 65 subtraction for interest, dividends & capital gains: $8,828 (s); $17,655 (jt) reduced by pension exclusion. Tax info-(800) 827-4000 or Michigan.gov/taxes
Minnesota	Yes	Yes	Yes	Yes	“Over 65 subtraction” up to 12,000. Tax info (651) 296-3781 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	Up to $6,000 pension exclusion.  Tax info (573) 751-3505 or dor.mo.gov
Montana	Yes	Yes	Yes	Yes	Pension exclusion up to $3,600 with AGI Limits of $30,000. Social Security worksheet to determine taxability. Tax info (402) 471-5729 or mt.gov/revenue.
Nebraska	Yes	Yes	Yes	Yes	Social security taxable if taxable on federal return. Tax info (402)-471-5729 or revenue.ne/gov
Nevada	No	No	No	No	No Income Tax. Tax info (775)684-2000 or tax.state.nv.us
New Hampshire	Yes	No	No	No	Income tax on Interest & Dividends. Tax info (603)271-2191 or nh.gov/revenue
New Jersey	Yes	Yes	Yes	No	Over 62 & < $100,000, you may exclude: retirement income of $15,000, if Single; $20,000 if Joint filer; $10,000 for MFS. Tax info (609)-292-6400 or state.nj.us/treasury/taxation
New Mexico	Yes	Yes	Yes	Yes	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 (800) 225-5829 or tax.state.ny.us
North Carolina	Yes	Yes	Yes	No	$4,000 public pension exclusion; private pension $2,000. Tax info (877)252-3052 or dor.state.nc.us
North Dakota	Yes	Yes	Yes	Yes	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	Retirement income credit with schedule calculation. Tax info (800)-356-4222 or egov.oregon.gov/dor
Pennsylvania	Yes	No	Yes	No	Tax info (717) 787-8201 or facts line 888-PATAXES or revenue.state.pa.us/revenue.
Rhode Island	Yes	Yes	Yes	Yes	Tax info (401)222-1040 or tax.ri.gov
South Carolina	Yes	Yes	Yes	No	Under 65, $3,000 retirement income deduction; at 65, goes up to $10,000. Over 65, can get 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 income deduction and exemption up to $4,800; Over 65, up to $7,500. (Retirement income is: pension, annuity & social security.) Tax info (800)662-4335 or tax.utah.gov
Vermont	Yes	Yes	Yes	Yes	Tax info (802)828-2865 or state.vt.us
Virginia	Yes	Yes	Yes	No	Age 65 exclusion, up to $12,000. 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	Seniors tax relief may exclude up to $8,000. If social security is taxable to IRS, taxable to WV. Tax info (800)982-8297 or wvrevenue.gov.
Wisconsin	Yes	Yes	Yes	*Yes	Up to 50% of Social Security benefit taxable. After 2008, social security not taxable. (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

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