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baerge11
New Member

Why is interest taxable in Pa? 87 year old retiree who moved to Pa. Nothing taxable except the interest. Why?

 
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SweetieJean
Level 15

Why is interest taxable in Pa? 87 year old retiree who moved to Pa. Nothing taxable except the interest. Why?

Interest is taxable because PA law does not exclude it.

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2 Replies
SweetieJean
Level 15

Why is interest taxable in Pa? 87 year old retiree who moved to Pa. Nothing taxable except the interest. Why?

Interest is taxable because PA law does not exclude it.

re2boys
Level 9

Why is interest taxable in Pa? 87 year old retiree who moved to Pa. Nothing taxable except the interest. Why?

PA does not tax most pensions, IRA distributions (if over 59.5), or social security benefits
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