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Retirement tax questions
The instructions for the PA-40 state: "Pennsylvania does not impose income tax on payments you receive that are commonly recognized retirement benefits distributed from eligible employer-sponsored retirement plans."
Your pension income should be exempt from PA income tax. To indicate this in TurboTax, on the screen, What kind of retirement income do you have from Pennsylvania:
- If your retirement is from a state or local school system choose PA school, state, or muni employee plan.
- If your school is not part of the municipal school system (which it sounds like it isn't), select: I'm eligible; plan's eligible (no PA tax)
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‎June 6, 2019
8:36 AM