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New Member
posted Apr 14, 2023 10:31:25 AM

Why are pensions considered taxable income especially in sattes where the money wasn't made?

states

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1 Replies
Expert Alumni
Apr 14, 2023 10:50:33 AM

Each state decides what income to tax. The pension is considered taxable income because you received the pension payments while living in the state. The states with a state income tax that don't tax pensions are Pennsylvania, New Hampshire, Mississippi, Iowa, Illinois, Hawaii, and Alabama.