TomK2023
Expert Alumni

Retirement tax questions

No.  Neither your teacher's pension nor Social Security are taxable by New York state.

 

Most NYSLRS pensions are subject to federal income tax.

 

Your federal tax withholding is the amount of federal income tax withheld from your monthly pension payment.

 

Your 1099-R tax form shows the taxable amount of your NYSLRS pension and is provided annually for filing your taxes.

 

NYSLRS pensions are not subject to New York State or local income tax. If you permanently moved to another state or if you spend more than 183 days in that state, your pension may be subject to state or local income taxes.

 

For general information about which states tax pensions, visit the Retired Public Employees Association’s NYS Pension Taxation Requirements By State page.
 

New York State & Local Retirement System - Taxes and Your Pension

 

Your pension income is not taxable in New York State when it is paid by:

  • New York State or local government
  • the federal government, including Social Security benefits
  • certain public authorities

 

New York State Department of Taxation and Finance - Information for retired persons

 

 

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