Search results
Under current law, taxpayers with $150,000 or less in annual income and who are at least 62 years old or disabled may exclude certain pension and retirement income from taxable gross income. For those with between $100,000 and $150,000 of income, the exclusion is reduced.
Under current law, taxpayers with $150,000 or less in annual income and who are at least 62 years old or disabled may exclude certain pension and retirement income from taxable gross income. For those with between $100,000 and $150,000 of income, the exclusion is reduced.
4 gru 2023 · If your total income is $100,001, but not more than $150,000, you can exclude a percentage of your reported taxable pension, annuity, and IRA withdrawals. Use the chart below to determine your exclusion amount.
This bulletin explains how to report pension and annuity income on your New Jersey ncome Tax return. It I also describes the income exclusions qualified taxpayers can use to reduce their New Jersey taxable income.
Bill Text (2022-01-11) Raises income eligibility threshold for pension and retirement income exclusion from gross income to $125,000. [Introduced, Referred to Assembly Aging and Senior Services Committee]
4 gru 2023 · If you are a New Jersey resident, your pensions, annuities, and certain IRA withdrawals are taxable and must be reported on your New Jersey tax return. However, the taxable amount you report for federal tax purposes may not be the same as the amount you report for New Jersey purposes.
This publication discusses the tax treatment of distributions you receive from pension and annuity plans and also shows you how to report the income on your federal income tax return.
