20 Aug Can we get the pension exclusion if we file taxes separately?
You need to look at your total tax picture before you decide to file separately. ...
You need to look at your total tax picture before you decide to file separately. ...
If you have income of more than $100,000, you lose out. ...
The pension exclusion is for N.J. residents who qualify for the tax break. ...
Your income could be tax-free in New Jersey if you qualify. ...
The pension exclusion could make your New Jersey tax bill zero. ...
How to get it right when you consider retirement income exclusions. ...
Federal law doesn't allow states to double-tax your pension. ...
Sometimes it makes sense to file separately to take advantage of certain rules. ...
If you earn less than $100,000 a year, you may qualify for the pension exclusion....
If you earn less than $100,000, you'll owe no income tax to New Jersey....