If a person is receiving a non-taxable retirement income in California, will it still be non-taxable in other states, such as Tennessee or Mississippi in regards to state taxes?
2007-04-22 15:34:51 · 4 answers · asked by confused and unsure 1 in Business & Finance ➔ Taxes ➔ United States
Usually pensions are not taxed anywhere, but it will depend on specific state regs.
Mostly, it will depend on how much other income you have, though. Even social security will be taxed if you have other lucrative sources.
2007-04-22 15:43:31 · answer #1 · answered by Anonymous · 0⤊ 2⤋
If the retirement income is taxable on the Federal tax return but non-taxable to the State of California, beware if you decide to move to Ohio. Ohio taxes income at the Federal level even if it received different treatment from another State of residence. For that matter, even if the income was taxable to your prior State of residence, Ohio will tax it too.
2007-04-23 00:26:58 · answer #2 · answered by Meg 2 · 0⤊ 0⤋
For federal, yes it would be treated the same no matter what state you live in. For state income tax purposes, not necessarily. Laws differ from state to state, and can depend on the source of the income.
2007-04-22 16:50:54 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
depends on what it is,, why it is non taxable,,
2007-04-22 15:39:19 · answer #4 · answered by Jo Blo 6 · 0⤊ 0⤋