Where do I put the pension code?

Follow these steps to enter your New York State Pension exemption.

 

This is handled in the New York (NY) State portion of the tax return interview. 

1. When you reach the Changes to Federal Income screen >: Scroll to Wages and Retirement Adjustments
2. Select Received retirement income > Start
3. Answer the questions on each screen
4. If applicable on the screen titled Governmental Pension Exclusion enter the taxable amount to exclude for the NY return
5. The next screen will show you the Pension Deduction Summary

Your pension income is not taxable in New York State when it is paid by:

• New York State or local government
• the federal government, including Social Security benefits
• certain public authorities

In addition, income from pension plans described in section 114 of Title 4 of the U.S. code received while you are a nonresident of New York State is not taxable to New York. 

If your pension is taxable to New York and you are over the age of 59 ½ or turn 59 ½ during the tax year, you may qualify for a pension and annuity exclusion of up to $20,000. This exclusion from New York State taxable income applies to pension and annuity income included in your federal adjusted gross income.