BillM223
Expert Alumni

Retirement tax questions

Probably not.

 

First you should read what Pennsylvania says about pension taxation. See "How do I know if the amount on my 1099R (1099-R) is taxable on my PA Personal Income Tax Return?"

 

Here are most of the pension entries:

 

(The entries not listed are Charity and some ESOP entries)

 

If indeed, this distribution is from an ordinary run-of-the-mill 401(k) or similar company pension, you would enter "I'm eligible; plan's eligible (no PA tax)". Of course, if one of the other entries better describes your situation (PA state, school, or muni pension, etc.), use that instead. 

 

If you are really concerned, contact your pension administrator and ask if your pension is taxable in Pennsylvania, i.e., that it meets the requirements in "What is a qualified pension program?"

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