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Level 1
October 25, 2023
Question

retirement pension

  • October 25, 2023
  • 1 reply
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I receive a pension from NY but have recently moved to NC - how will this impact taxes?

1 reply

evelynm
Level 6
Level 6
October 25, 2023

Your retirement income would be allocated for the year of the move between NY and NC.  Thereafter; 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). I would love a thumbs up :) + Mark the post that answers your question by clicking on "Mark as Best Answer".