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Retirement tax questions
No. you cannot exclude pension payments that you received as a Delaware resident that were previously taxed by New Jersey. The Diamond state does not provide a tax credit for pension income previously taxed by another state.
Delaware allows persons aged 60 or older to exclude up to $12,500 of pension and retirement income, including a 457b as a pension deduction.
Learn more at Retirement Information, IRA Topics, Pension Exclusions, Social Security Benefits.
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‎January 24, 2021
12:17 PM