Is retirement income from State teachers retirement taxed in Wisconsin?
You'll need to sign in or create an account to connect with an expert.
Maybe. Your retirement income from WI public schools (Wisconsin State Teachers retirement systems) is not taxable on your WI state tax return if:
See below for more information.
According to revenue.WI.gov:
Are my retirement benefits taxable??
Exceptions to the taxation of retirement income described above are as follows:
The specific retirement systems are:
Local and state retirement systems: Milwaukee City Employees, Milwaukee City Police Officers, Milwaukee Fire Fighters, Milwaukee Public School Teachers, Milwaukee County Employees, Milwaukee Sheriff, and Wisconsin State Teachers retirement systems.
Federal retirement systems: United States government civilian employee retirement systems. Examples include the Civil Service Retirement System and the Federal Employees' Retirement System.
Note: The following payments are not exempt from Wisconsin income tax:
Caution: Only retirement benefits based on qualified membership in one of the retirement systems listed above may be subtracted from Wisconsin income. Qualified membership is membership that began before January 1964 as explained above. Any portion of your retirement benefit that is based on membership in other retirement systems, or based on employment which began after December 31, 1963, is taxable and may not be subtracted from federal income.
Note: Payments you receive from a nonqualified pension or annuity or a nonqualified deferred compensation plan are taxable by Wisconsin when received by a Wisconsin resident. Such payments may be taxable or may be exempt when received by a nonresident of Wisconsin. For more information on this issue, see Wisconsin Publication 106, Wisconsin Tax Information for Retirees, and Wisconsin Publication 126, How Your Retirements Benefits are Taxed.
Maybe. Your retirement income from WI public schools (Wisconsin State Teachers retirement systems) is not taxable on your WI state tax return if:
See below for more information.
According to revenue.WI.gov:
Are my retirement benefits taxable??
Exceptions to the taxation of retirement income described above are as follows:
The specific retirement systems are:
Local and state retirement systems: Milwaukee City Employees, Milwaukee City Police Officers, Milwaukee Fire Fighters, Milwaukee Public School Teachers, Milwaukee County Employees, Milwaukee Sheriff, and Wisconsin State Teachers retirement systems.
Federal retirement systems: United States government civilian employee retirement systems. Examples include the Civil Service Retirement System and the Federal Employees' Retirement System.
Note: The following payments are not exempt from Wisconsin income tax:
Caution: Only retirement benefits based on qualified membership in one of the retirement systems listed above may be subtracted from Wisconsin income. Qualified membership is membership that began before January 1964 as explained above. Any portion of your retirement benefit that is based on membership in other retirement systems, or based on employment which began after December 31, 1963, is taxable and may not be subtracted from federal income.
Note: Payments you receive from a nonqualified pension or annuity or a nonqualified deferred compensation plan are taxable by Wisconsin when received by a Wisconsin resident. Such payments may be taxable or may be exempt when received by a nonresident of Wisconsin. For more information on this issue, see Wisconsin Publication 106, Wisconsin Tax Information for Retirees, and Wisconsin Publication 126, How Your Retirements Benefits are Taxed.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Stllwtrs
Level 2
Steverino78
Level 2
Les P
New Member
Wayne38
New Member
jtoussaint
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.