DaveF1006
Expert Alumni

Retirement tax questions

You don't have a limit on the number of pensions you can claim on your New York State return. If your pension is taxable to New York and you are over the age of 59 ½ or turn 59 ½ during the tax year, you may qualify for a pension and annuity exclusion of up to $20,000.

 

This exclusion from New York State taxable income applies to all pension and annuity income included in your federal adjusted gross income. You can review that information here.

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