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Wisconsin taxable income
TT subtracted my FERS disability pension income from my Wisconsin taxable income. Is this legit?
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June 4, 2019
9:50 PM
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State tax filing
It is legit.
Wisconsin does not tax Social Security retirement benefits, even those taxed at the federal level. Income from retirement accounts, including an IRA or a 401(k), is fully taxable at rates ranging from 4% to 7.65%. Income from a government pension is not taxed. ---Which a FERS distribution is considered.
June 4, 2019
9:51 PM