Is retirement from federal retirement plans taxable in pa

Forum|Forum|7 years ago
June 4, 2019
1 reply
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Is my federal retirement taxable when filing pa tax forms

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Best answer by MichaelL1

Yes, it is exempt from PA state taxes.

"Pennsylvania is one of only two states to exclude virtually every type of retirement income from taxation according to Kiplinger. Public and private pensions, railroad retirement benefits and all Social Security income are excluded from taxable income for tax purposes within the state."

Source:

http://finance.zacks.com/pay-pennsylvania-tax-retired-pension-social-security-7987.html

"Pennsylvania and Mississippi are unique in that they are the only states in the country that exempt all retirement income, even IRA, and 401(k) distributions."

Source: https://www.thebalance.com/best-states-for-retirees-3193239

MichaelL1Answer

Level 15

Yes, it is exempt from PA state taxes.

Source:

http://finance.zacks.com/pay-pennsylvania-tax-retired-pension-social-security-7987.html

"Pennsylvania and Mississippi are unique in that they are the only states in the country that exempt all retirement income, even IRA, and 401(k) distributions."

Source: https://www.thebalance.com/best-states-for-retirees-3193239