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I could forsee an outgoing pension tax. If you live in an income tax state, then you get a state tax credit for the amount, otherwise NJ collects the NJ state
by novok 7y ago
I could forsee an outgoing pension tax. If you live in an income tax state, then you get a state tax credit for the amount, otherwise NJ collects the NJ state tax rate on pensions coming out of the state of NJ.
- Keverw 7y agoLooks like states can only tax the pension of people who live in their state. So work all your life in New York, earn a nice pension then move to Florida to retire then New York can no longer tax your pension. https://finance.zacks.com/pay-taxes-pensions-state-retired-state-living-in-8131.html https://finance.zacks.com/pay-taxes-pensions-state-retired-s...