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hdemaso
New Member

Why was nys ducion only 20000 when my nys pension was24561.

Deduction on state taxes only 20000 when my nys pension was 24561.
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1 Reply
AmyC
Expert Alumni

Why was nys ducion only 20000 when my nys pension was24561.

That is the legal limit. if 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. See Information for retired persons - Department of Taxation for full details.

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