https://ttlc.intuit.com/community/state-taxes/discussion/nj-retirement-income-exclusion/01/3640535#M179394 <P>Turbo tax calculated a NJ retirement income exclusion of $100,000 in 2023 but only $ 27,000 on 2024. what happened?</P><P>&nbsp;</P> Wed, 09 Apr 2025 17:11:25 GMT jjl2130 2025-04-09T17:11:25Z https://ttlc.intuit.com/community/state-taxes/discussion/nj-retirement-income-exclusion/01/3640535#M179394 <P>Turbo tax calculated a NJ retirement income exclusion of $100,000 in 2023 but only $ 27,000 on 2024. what happened?</P><P>&nbsp;</P> Wed, 09 Apr 2025 17:11:25 GMT https://ttlc.intuit.com/community/state-taxes/discussion/nj-retirement-income-exclusion/01/3640535#M179394 jjl2130 2025-04-09T17:11:25Z https://ttlc.intuit.com/community/state-taxes/discussion/re-nj-retirement-income-exclusion/01/3653268#M180047 <P>Review your entries and compare your 2023 and 2024 returns. NJ <A href="https://www.nj.gov/treasury/taxation/njit7.shtml" target="_blank">retirement exclusions</A> states:</P> <H4><I>You can exclude all or part of the pension income reported if you meet the following qualifications:</I></H4> <UL> <LI><I>You (and/or your spouse/civil union partner, if filing jointly) were 62 or older or disabled as defined by Social Security guidelines on the last day of the tax year (December 31 for calendar year filers); and</I></LI> <LI><I>Your total income for the entire year was $150,000 or less.</I></LI> </UL> <P><I><SPAN style="background: var(--ck-color-mention-background); color: var(--ck-color-mention-text);"><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5835921">@jjl2130</a></SPAN>&nbsp;</I></P> Sun, 13 Apr 2025 20:21:38 GMT https://ttlc.intuit.com/community/state-taxes/discussion/re-nj-retirement-income-exclusion/01/3653268#M180047 AmyC 2025-04-13T20:21:38Z https://ttlc.intuit.com/community/state-taxes/discussion/re-nj-retirement-income-exclusion/01/3657408#M180268 <P>Does the retirement exclusion amount cover non residents who live in PA but have taxable income in NJ? Thanks!</P> Mon, 14 Apr 2025 18:48:39 GMT https://ttlc.intuit.com/community/state-taxes/discussion/re-nj-retirement-income-exclusion/01/3657408#M180268 VSNJPA 2025-04-14T18:48:39Z