AmyC
Employee Tax Expert

Retirement tax questions

It depends.

  • If you are 65 or older, then you can exclude up to $24,000.
  • ages 55-64 up to $20,000.
  • If you are younger than that, it must be income as a beneficiary, exclude up to $20,000.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"