topic How is a Virginia Teachers Pension taxed in NC in State tax filing

How is a Virginia Teachers Pension taxed in NC

gkkollmann — Thu, 06 Jun 2019 09:29:12 GMT

I know it is taxed. How specifically? i.e. Is it the s...

gkkollmann — Thu, 06 Jun 2019 09:29:13 GMT

I know it is taxed. How specifically? i.e. Is it the same as any other income? Is there a credit of any kind? After surfing the web, one site said that there was a 4000/8000 credit (?)

The same as any other income.

IsabellaG — Thu, 06 Jun 2019 09:29:15 GMT

The same as any other income.

The 4000/8000 deduction for teachers pensions earned in o...

SteamTrain — Thu, 06 Jun 2019 09:29:16 GMT

The 4000/8000 deduction for teachers pensions earned in other states was eliminated several years ago...so what you've been reading about that isn't available for NC residents any more.

The North Carolina exclusion of retirement income from g...

IsabellaG — Thu, 06 Jun 2019 09:29:18 GMT

The North Carolina exclusion of retirement income from government agencies in NC and the Federal government does not apply to retirement benefits paid to former teachers and state employees of other states and their political subdivisions. So a Virginia Teacher's pension is taxable in NC.

See this link to the NC discussion of the Bailey Decision .