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Retirement tax questions
Yes, here is a summary of retirement plans not taxed in NC.
If the retiree had five or more years of service as of August 12, 1989, the following retirement plans are excluded from NC tax:
- North Carolina Teachers’ and State Employees’ Retirement System
- North Carolina Local Governmental Employees’ Retirement System
- North Carolina Consolidated Judicial Retirement System
- Federal Employees’ Retirement System
- United States Civil Service Retirement System
In addition, Social Security and Railroad retirement is not taxed in NC.
Some military retirement is excluded:
- Military retirement payments received by a retired member who served at least 20 years in the military or who was medically retired from the military.
- Payments from the Survivor Benefit Plan to a beneficiary of a retired member who served at least 20 years in the military or who was medically retired from the military
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February 24, 2022
2:20 PM