Hi,
Both my wife and I are retired with no income outside of what is listed below and are full time residents of Maine. We receive the following income:
Me: (1) Military retirement (2) Social Security
Wife: (1) Florida Retirement System monthly pension (2) Social Security (3) Talcott Resolution Life Insurance Company - Monthly pension
If I am not mistaken the following are not taxable in the state of Maine: (1) Social Security (2) Military Retirement (3) Florida Retirement System monthly pension.
That would leave the "Talcott Resolution" pension payment as taxable by the state. It was for $8098.98
Doing State tax via Turbo Tax Deluxe It came up we owed $351.00 to the State Of Maine.
I may be looking at this to simply but should we be owing State Taxes?
Thank You,
Frank
