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Get your taxes done using TurboTax
If you received Income from a traditional pension, a defined benefit plan, they are exempt from Alabama’s state income tax, and have been for decades. That includes pensions from both public and private employers. Beginning with tax year 2023, Alabama also exempts the first $6,000 in income from 401(k)-type accounts and individual retirement accounts (IRAs), known as defined contribution retirement plans, for taxpayers 65 and older.
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April 8, 2024
5:23 PM