It depends on who issued it. Retirement system benefits that may be excluded from Louisiana income tax
- Annual
Retirement Income Exclusion—Persons
65 years or older may exclude up to $6,000 of annual retirement income
from their taxable income. Taxpayers that are married filing jointly and
are both age 65 or older can each exclude up to $6,000 of annual
retirement income. If only one spouse has retirement income, the exclusion
is limited to $6,000.
- Federal
Retirement Benefits Exclusion—Federal retirement benefits
received by federal retirees, both military and nonmilitary, may be
excluded from Louisiana taxable income.
- State
Employees, Teachers, and Other Retirement Benefits Exclusion—Individuals
receiving benefits from certain retirement systems are
allowed to exclude those benefits from their Louisiana tax-table income.
In addition, Municipal and
State Police Employees Retirement System deferred retirement option plan
funds are exempt from state income tax.
See
http://www.rev.state.la.us/FAQ/Details/1216
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