Yes, your TIAA-CREF pension is tax free on your NYS tax return, and will be a subtraction on the NYS (IT-201) tax return.
Article 16, § 5 of the New York State Constitution provides that "all salaries, wages and
other compensation, except pensions, paid to officers and employees of the state and its subdivisions
and agencies, shall be subject to taxation." Tax Law § 612 provides that the New York adjusted
gross income of a resident individual means the individual's federal adjusted gross income with the
modifications specified in § 612. Tax Law § 612(c)(3)(i) provides that, to the extent includible in
gross income for federal income tax purposes, pensions paid to officers and employees of New York
State, its subdivisions, and agencies will be subtracted from an individual's federal adjusted gross
income.
Answer given on a TIAA pension paid to a retired nys teacher was taxexempt on nys. Not so..only $20000 exempt. If paid more above that 20,000
Balance taxabe!
Lost 2 cases with nys via appeal with them on conference.!