Texas Pension/ NJ

Forum|Forum|3 years ago
February 25, 2023
3 replies
24 views

Teachers' retirement pension. Is it taxable in NJ? They moved to NJ a few years ago from Texas

ProSeries Professional

This topic has been closed for replies.

sjrcpa

Level 15

Why wouldn't it be taxable?

A NJ resident pays NJ tax on all of their income.

Caveat- NJ may have a pension exclusion/subtraction.

The more I know the more I don’t know.

qbteachmt

Level 15

Did you try using the web? Google:

nj pension tax exemption

Discover results:

https://www.state.nj.us/treasury/taxation/njit7.shtml

It's better than expecting someone on a software internet forum to know every possible rule and exception for every State's retirement and combination of that with the residency State.

Use your resources, and look for info that will keep your work moving.

Don't yell at us; we're volunteers

Skylane

Intuit Community Champion

taxable unless they were teachers in the armed forces and a military exemption applies... either way there's up to a 100K exemption as @sjrcpa & @qbteachmt indicated.

If at first you don’t succeed…..find a workaround

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