New York allows you to subtract your pension received from New York State, Local and Federal Governments as long as the income was included in your federal adjusted gross income.
Other taxable pensions not from NYS, Local or Government may qualify for an exclusion.
- If you were 59 1/2 before January 1, 2022, enter the amount of pension included in your federal adjusted gross income. Do not exceed $20,000.
- If you were 59 1/2 during 2022, only enter the amount you received once you turned 59 1/2. Do not exceed $20,000.
Married filers can both take the $20,000 exclusion for the pension you both received.
How do I exclude my retirement income?
To make this manual entry, go to:
- State Section
- New York Return
- Subtractions from Income
- Certain Pension Income Is Excluded From New York Taxable Income
Is my military pension/retirement income taxable to New York?