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patriot018
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Retirement

How much of a pension is taxable 

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3 Replies

Retirement

Duplicate message.

Retirement

Usually all of it, 100%.  Unless you made any after tax contributions.  Then it will be prorated.  But for state tax, some states might exclude it or tax less of it.

Retirement

Pension income is taxed as ordinary income along with any other income you will be reporting on a federal tax return.

Some states exclude pension/retirement income on a state return based on age or type of retirement income.

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