- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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 ?
‎January 11, 2025
1:16 PM