Qualified pension distributions received by employees of the United States, New York State, and local governments within New York State are exempt from New York State income taxes.
Any other type of pension may qualify for a pension and annuity exclusion of up to $20,000 in NYS, as long as your pension is taxable to New York, and you are over the age of 59 ½.
If married filing jointly, each spouse may deduct up to $20,000, which would total $40,000 per tax year.
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