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jaytax822
New Member

My only income last year was $10,000. It was a withdrawal from a Traditional Inherited IRA. Do I pay PA tax on that? I'm single.

 
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Accepted Solutions
re2boys
Level 9

My only income last year was $10,000. It was a withdrawal from a Traditional Inherited IRA. Do I pay PA tax on that? I'm single.

See:

https://revenue-pa.custhelp.com/app/answers/detail/a_id/1470/~/how-do-i-know-if-the-amount-on-my-109...

If the 1099R from the Traditional IRA provider, box 7, is coded a 4, it is not taxable by PA.  If coded 4D however, it is an annuity and is taxable same as federal.

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4 Replies
re2boys
Level 9

My only income last year was $10,000. It was a withdrawal from a Traditional Inherited IRA. Do I pay PA tax on that? I'm single.

See:

https://revenue-pa.custhelp.com/app/answers/detail/a_id/1470/~/how-do-i-know-if-the-amount-on-my-109...

If the 1099R from the Traditional IRA provider, box 7, is coded a 4, it is not taxable by PA.  If coded 4D however, it is an annuity and is taxable same as federal.

Rainman12
Level 10

My only income last year was $10,000. It was a withdrawal from a Traditional Inherited IRA. Do I pay PA tax on that? I'm single.

No, if that's your Only income. Although described income is taxable, the amount is below the standard deduction ($12,000) for single filers on 2018 returns.You should file, though, to validate that you have no other income ...

jaytax822
New Member

My only income last year was $10,000. It was a withdrawal from a Traditional Inherited IRA. Do I pay PA tax on that? I'm single.

Thank you, I know that is true on Federal Tax, but my question is for Pennsylvania State Tax.
Rainman12
Level 10

My only income last year was $10,000. It was a withdrawal from a Traditional Inherited IRA. Do I pay PA tax on that? I'm single.

PA requires you to file for any taxable income over $33. Since they also have an inheritance tax, you may have a small amount to pay (around 3%) ...
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