Searching: " Can we get a pension exclusion on NJ return if we make more than $100,000?

dorothycs4 — Thu, 06 Jun 2019 12:47:26 GMT

NJ return = Husband and I file jointly. We are both over 62. Income is over $100,000. Both receive pensions. He is finished with 3 year rule. I am doing general rule and have $94 to exclude on that method. On Turbo Tax, the pension exclusion page reads 0 exclusions. However, NJ 1040 line 19b reads 250. I don't understand where that figure is coming from. Is that possible? If it is incorrect, how can I change it on NJ1040?

No you cannot. http://www.state.nj.us/treasury/taxation/n...

SweetieJean — Thu, 06 Jun 2019 12:47:27 GMT

No you cannot.

http://www.state.nj.us/treasury/taxation/njit7.shtml

Line 19b is the excludable portion of any distribution you received from a contributory pension, annuity, or IRA. This is the amount that represents your previously taxed contributions.

topic Searching: " Can we get a pension exclusion on NJ return if we make more than $100,000? in Retirement tax questions

Searching: " Can we get a pension exclusion on NJ return if we make more than $100,000?

No you cannot. http://www.state.nj.us/treasury/taxation/n...