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New Jersey Pension Exclusion-Foreign Pension
Hi there, I tried to get some answers on state tax forums, but no replies. Maybe here someone knows if foreign pensions (retirement) are eligible for NJ pension exclusion on1040 tax return. In NY we were able to exclude up to $20,00. In NJ, as far as I know, we should be able to exclude 100% of retirement (pension) if our gross income is below 150K and one of us is 62 or older, but couldn't find any info regarding foreign retirement pension though.
Thank you,
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‎January 11, 2025
12:33 PM