in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill (OBBBA)
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It's impossible to say for sure without being able to review your return. Many states don't tax retirement income. If your income and any tax deductions you have is going to remain steady for the foreseeable future, and you would rather have more money during the year, and get a smaller state tax refund, then change your state withholding on your pension.
States that tax Social Security benefits:
CO, CT, KS, MN, MO, MT, NB, NM, ND, RI, UT, VT, WV
These states offer varying degrees of income exemptions, but four mirror the federal tax schedule: MN, ND,VT, and WV
States that may tax retirement income from IRA's, pensions, etc.:
AL, AR, AZ, CA, CO, CT, DE, DC, GA, HI, IA, ID, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MT, NC, ND, NE, NJ, NM, NY, OH, OK, OR, RI, SC, UT, VA, VT, WI, WV,
This is a “general” list. Some of these states have complicated laws that exclude certain types of retirement income, or provide certain income exclusions and age deductions. This list does NOT refer to Social Security benefits.
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jklmnop96
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in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill (OBBBA)
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in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill (OBBBA)
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