I was taxed on the contributions made to my pension, even thought they were tax deferred at the federal level. When I filed my state taxes last year, my state provided an exclusion on my pension income, recognizing I had already paid state taxes on my contribution. I have now moved to Utah. Does Utah offer an exclusion or some type of credit for taxes paid to my former state to avoid double taxation on my pension?
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Yes, Utah allows a subtraction for Qualified Retirement Plan Distributions (UC §59-10-114.1) included in the federal adjusted gross income that was taxed by another state in the year of the contribution.
In TurboTax, look for the Let's Check for Items Not Taxed by Utah select Yes. You will be able to enter Qualified Retirement Plan Distributions on the next screen (see below).
Yes, Utah allows a subtraction for Qualified Retirement Plan Distributions (UC §59-10-114.1) included in the federal adjusted gross income that was taxed by another state in the year of the contribution.
In TurboTax, look for the Let's Check for Items Not Taxed by Utah select Yes. You will be able to enter Qualified Retirement Plan Distributions on the next screen (see below).
Thank you so much!!
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