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State taxes

I have a va pension plan . I live in N C . I chose not to have NC taxes taken out of the pension plan . How do I show this on my turbo?

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DavidD66
Expert Alumni

State taxes

Your Virginia pension plan is only taxable by your state of residence. Income from a pension, 401(k), IRA or any other type of retirement account is all taxed at the North Carolina state income tax rate of 5.25%. Unlike many other states, North Carolina does not allow deductions on any type of retirement income.  You  don't have to indicate you didn't have NC tax withheld, that will be inherent by not entering any NC tax withholding.  

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1 Reply
DavidD66
Expert Alumni

State taxes

Your Virginia pension plan is only taxable by your state of residence. Income from a pension, 401(k), IRA or any other type of retirement account is all taxed at the North Carolina state income tax rate of 5.25%. Unlike many other states, North Carolina does not allow deductions on any type of retirement income.  You  don't have to indicate you didn't have NC tax withheld, that will be inherent by not entering any NC tax withholding.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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