Monday, April 18, 2022
Some states have pension exclusion with limitations based on age and/or income. Most states tax "at least a portion of income from private sector defined benefit plans." However, there are 14 states that don't tax pension income at all, despite your age or how much money you have.
Below is a list of the 14 states that don't tax pension income:
- New Hampshire
- South Dakota
See Rocky Mengle, 14 States That Won't Tax Your Pension, Kiplinger, April 6, 2022.
Special thanks to David S. Luber (Florida Probate Attorney) for bringing this article to my attention.