I am age 61. I was age 60 at the end of 2023.
I retired from State of NJ July 2023. I received a pension payment every month from July till Dec 2023
I also received a W2 from my employer as I was working for 2023.
All of my NJ pension deductions from my paycheck were pretax for Federal but after tax for NJ
My annual pension is $18,000. My lifetime contributions to my plan were $57,291.77
I did not make any adjustments to my 2023 income tax return for NJ. I entered exactly what was on my 1099-R form.
It looks like it will take more than 3 years to recover my member contributions.
Was I supposed to make an adjustment to my 2023 NJ income tax return for this ?
Do I need to make an adjustment to my 2024 NJ income tax return ?
I am using Turbo Tax Premier ( also used it last year).
Thank you.
