How much of a pension is taxable
You'll need to sign in or create an account to connect with an expert.
Duplicate message.
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.
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
nativi81
New Member
rkeeton88
New Member
MichaelEgan007
New Member
plfin
New Member
jlf_spain
Returning 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.