Retirement / Pension

lvazquez2014 · ‎October 25, 2023

My husband receives a Pension from NY Transit. We reside in Texas where there is no state tax. If we move to California how will his retirement be affected.

Thank you

xmasbaby0 · ‎October 25, 2023

You pay tax to the state that you live in. If you live in CA, you will pay tax in CA. You have not had to worry about it in TX, since TX has no state income tax. CA will be a different story.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

evelynm · ‎October 25, 2023

Your retirement would be taxed in California. The retirement income is taxed in the state where you reside when your receive it, not the state where you "earned" the retirement.

See section 8 of this resource for further details: https://turbotax.intuit.com/tax-tips/state-taxes/taxes-and-moving-to-a-new-state/L4lOoXL90

Have an amazing day. Evelyn M (CPA 20+ years)
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Retirement / Pension