401(k) withdrawal

vjmalkani — Tue, 25 Mar 2025 16:39:50 GMT

Are 401(k) withdrawals eligible for the $20,000 annual New York state exclusion

Re: 401(k) withdrawal

MaryK4 — Tue, 25 Mar 2025 16:43:36 GMT

Yes, 401ks are eligible for the New York state exclusion.

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.

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401(k) withdrawal

Re: 401(k) withdrawal