ErnieS0
Expert Alumni

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.

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