09 May Does this income qualify for the pension exclusion?
You may be eligible for this valuable tax break....
You may be eligible for this valuable tax break....
You must meet age and income requirements to qualify for this tax break. ...
If your payment includes after-tax contributions, it is not taxed....
If you're 62 or older, you may qualify for the pension exclusion....
If you're eligible, you could owe no state income taxes. ...
If you're eligible, you may escape state income tax altogether. ...
Many factors come into play to determine your tax liability....
Depending on your income level, your tax burden could be zero,...
There are income cutoffs and other requirements to get this tax break....
If you're eligible, you can save on taxes in retirement. ...