pk
Level 15
Level 15

Retirement tax questions

@ParkNYC ,

 

(a) For NJ  pension exclusion, please visit  this site -->  https://www.irs.gov/pub/irs-pdf/p527.pdf

(b) by the way on looking over  the up to $20,000 exclusion allowed by NY,  the eligible pensions are  NY State pension, or local govt. pensions or federal pension including Social Security.  This does not cover foreign pension.   So you may have to read-up on the subject  and amend your NY filings ( in the worst case )

 

You foreign pension is from which country ?   If US has a tax treaty with that country, there may be   rules as to whom ca tax that income.

 

Is there more I can do for you ?