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Do we pay any State income tax on income from the New York State Teachers Retirement System and Social Security. We are both retired teachers.

Are teacher pensions taxable in New York State?
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3 Replies
TomK2023
Expert Alumni

Do we pay any State income tax on income from the New York State Teachers Retirement System and Social Security. We are both retired teachers.

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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BILL7719
New Member

Do we pay any State income tax on income from the New York State Teachers Retirement System and Social Security. We are both retired teachers.

My pension income is not taxable in New York State,  How do I subtract that on Changes to Federal Income in your deluxe program?

MayaD
Expert Alumni

Do we pay any State income tax on income from the New York State Teachers Retirement System and Social Security. We are both retired teachers.

Your retirement benefit is subject to federal income tax (except for previously taxed contributions) but is exempt from New York State income tax.

NYS

After you enter your 1099-R form TurboTax will ask you to Select the state and where is this contribution from. Select NY state and City Education. 

Your New York State Teachers' Retirement System pension will be a subtraction on your New York State return (IT-201) on line 26.

 

 

 

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