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The where is your distribution from question. I receive NYS Teamster pension So what should I pick?

What do you pick for where is your distribution from if it is a NY teamster pension?
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LenaH
Employee Tax Expert

The where is your distribution from question. I receive NYS Teamster pension So what should I pick?

Please select None of the above for the question Where is your distribution from? If you are 59 1/2 or older, up to $20,000 of your pension may be deducted from your New York State taxable income. 

 

To qualify for the pension and annuity deduction, you must meet the age requirement and the pension and annuity income must be:   

  • included in federal adjusted gross income; 
  • received in periodic payments;   
  • attributable to personal services performed by the individual before their retirement; and   
  • from an employer-employee relationship or from an employee’s tax-deductible contributions to a retirement plan.

For more information, please see Common questions and answers about pension subtraction adjustments.

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