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Level 1
March 27, 2026
Question

is subtracting wisconsin retirement income new?

  • March 27, 2026
  • 1 reply
  • 28 views
can you now subtract pension payments?

1 reply

MaryK4
Level 15
March 28, 2026

Yes, a new and expanded Wisconsin retirement income subtraction began with the 2025 tax year. Residents aged 67 or older can now subtract up to $24,000 of taxable retirement income ($48,000 for married couples if both are 67+) from their state taxes, including pensions, 401(k)s, and IRA distributions.

 

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