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Question

401(k) withdrawal

1 reply
19 views

Are 401(k) withdrawals eligible for the $20,000 annual New York state exclusion

Alumni - Intuit

Yes, 401ks are eligible for the New York state exclusion.

If your pension is taxable to New York and you are over the age of 59 ½ or turn 59 ½ during the tax year, you may qualify for a pension and annuity exclusion of up to $20,000. This exclusion from New York State taxable income applies to pension and annuity income included in your federal adjusted gross income.

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