There has been some great comments and questions to this video. In efforts to keep this video relatively simple and not super long, I only included the states that didn't tax certain types of income at all without exceptions. For example, New York doesn't tax federal pensions but they do tax some private pensions so I didn't include New York in the list that doesn't tax pensions. The video would have to be very long to cover the nuances of each state. You may want to look in to the specifics of your state to understand exactly what your retirement might look like.
States that don’t tax traditional TSP income: Alaska Florida Nevada New Hampshire South Dakota Tennessee Texas Washington Wyoming Illinois Mississippi Pennsylvania
I really like your videos and enjoy the information you generally convey. If I could offer a suggestion though, they should be about half as long, or even less, as you tend to skip around too much. A down to earth, quick information download is what ppl are looking for. Thanks for the vids.
I just read New York’s ruling on the taxability of the TSP. The case involved someone who had rolled over an IRA into the TSP. The state said that the money in the TSP that was based on the rollover is taxable, and the money that was based on the federal wages is not.
I moved out of the US and lived in Asia. The biggest savings is in my rent. My mortgage/rent in the US was usually around $1,200+. In Asia it was about $300-500. The other expenses were all significantly less.
So how are your taxes treated as if you lived in a tax state or a non-taxed state? Where is your bank or credit union in a tax state or a non-tax state?
Withdrawals from retirement accounts and pensions (both public and private) in Georgia are only partially taxed. Anyone over 65-years-old can deduct up to $65,000 of retirement income. I don't know anyone (I'm sure there are D.C. politicians) that has a Fed Pension over $65,000. So basically, for the vast majority of retired Fed Employees, their pensions are not taxed in Georgia once they reach 65. If I'm reading this incorrectly, please inform. I plan on retiring in GA partially based on the no SS and no > $65k pension tax.
If I bought a 2nd home in Florida when I retire Does that residence have to be a primary residence in order to not get my pension and TSP taxed at the state level?
My husband had always dreamed of retiring in Florida, so we moved. No state income tax - but property taxes are insane. For anyone thinking about fleeing from state tax, Nevada might be a better choice. (and no hurricanes!)
Unfortunately, when you retire in Florida and get old enough to go into assisted living, unless you have a policy to cover such…. It will run 15000.00 a month.
So move. Small town middle America. My husband and I live on $30,000/year. That's our expenditures, not our income. The house is paid for. We own two cars outright. Property taxes and homeowners insurance combined are $5,000/year.
The Social Security retirement "benefit" is taxed by the federal government because it was not taxed when the federal government took it from one's pay (same as TSP). As we all know (some ignore it), our federal government loves to tax [take] everything that it can. Listen to 2:40 through 2:55 of this video.
Im 59, single. Live in North Mississippi, debt free including home. Will retire at 63 with 31years federal government full pension,1.1 mill in my TSP and SS at 63. Working on getting my VA disability increased.
We live in Alaska...limit our 401k income to less than $80k so our federal tax rate is 12%, and we qualify for subsidized Blue Cross Gold health insurance under Obamacare...that saves us over $25k in health insurance per year. Alaska has no state income tax, no state sales tax, no state estate tax, at age 65 the first $150,000 property appraisal is waived from property taxes. Our annual permanent fund dividend check is taxed by the federal government.
Question: I'm 65 years old and plan to retire March 31, 2022. I'm currently putting $1K per pay period into Roth IRA to max out the 2021 annual plus catch-up limits. With eight pay periods in 2022 before retirement, can I increase my Roth IRA contributions to max out the 2022 annual plus catch up limits (i.e. $27,000 via eight pay periods would equal $3,375 every two weeks)?
1) What if my credit union is in a taxable state NC but I reside in a non-taxable state Fl. 18 years? Pension annuity 2)What if I move out of the country but keep my credit union in the taxable state? Pension annuity
How soon before I retire, would I need to move to a lower or non taxing state (from the state I live in now)? What are the requirements to be recognized as living in a specific state to be a resident for tax purposes? 6 months per year? Do I have to have a residence? A po box? a checking account? a drivers license? what if I only rent an apartment for 6 months in that lower tax state; what if I stay with my Mom who lives in that lower tax state and dont have to pay rent and then spend the other 6 months in Mexico?
I'm about to get transferred from California to Washington. I have the option of transferring my pension to Roth IRA, but is this a good option and will I get taxed California taxes?
If state tax is withheld from the amount you paid into TSP, you may be able to not pay state tax, again, on that amount (but on the earnings and match). I started drawing a state pension and for the first 1.5 year, I am receiving the amount I paid into the state pension fund so no state tax, just federal. I will consult a tax accountant the first year I draw FERS and from my TSP. When I filed for it, I received a letter explaining that the State first pays you what you contributed to the pension fund; I held onto it for my tax return files. Also got same explanation with my state W2 R for my pension for 2021. Beware though: TurboTax couldn’t calculate it so I had to do it myself.
Thank You for all your videos they are extremely helpful. Not to be a thorn in your side, but how do I find out how much taxes are withdrawn from my TSP withdrawals in the state of Oregon?
I started getting my interim checks just recently, but I noticed they are not withholding any VA state tax. Will they start withholding when my application is finalized?
My experience is no they don't. I noticed about 4 months after retirement that state taxes weren't being withheld. You need to go to your account at servicesonline.opm.gov and enter your own state deduction.
I am seeing this about 2 years after you posted your question, and I am not sure if you ever received an answer to your question about North Carolina. A couple years ago, we were considering a retirement move to Charlotte NC, and I found this. There are some criteria to quality; Bailey Decision Concerning Federal, State and Local Retirement Benefits www.ncdor.gov/taxes-forms/individual-income-tax/bailey-decision-concerning-federal-state-and-local-retirement-benefits
i currently invested in the employers 401k @ 18% i also use stocks and bonds investing @ $400 monthly and I have a TSP invested in C 45% S 45% I 10%. and also live in NV. my questions is should i do a rollover out of the TSP into my employers 401k or just let it sit there til 59 1/2?
Great question, It is not bad to keep your money in the TSP so it just comes done to where you'd like to manage your money. You also may want to check on the fees you pay in your 401k.
When you do a TSP monthly payment, it is taxed married with 3 dependents about how much is that or about what percentage should i work with to get a estmate?
IN does not tax social security. Additionally, military retirement or survivor's benefits are being phased to be 100% tax free by the 2022 tax year. The 2021 tax year will be 75% deductible. IN also has a 1% property tax (once you file for it). I think IN is trying to become the new TX for military retirees.
Yes, that would be awesome as I was a title 32 civil service employee. Title 32 means to keep a civil service job that you must maintain membership in the Army or Air National Guard. I got out of the Air National Guard on a medical and was forced to retire from my civil service position. I am receiving a civil service disability annuity until my 62nd birthday and then it gets recalculated as my civil service retirement.
NY doesn't tax federal pensions (they often tax private pensions depending on age and income) so your FERS supplement won't be taxed on the state level in New York.
Hello Haws, I enjoy your videos, you are a wealth of knowledge. If I move to the Philippines is my TSP, FERS retirement and SSDI both federal and state taxed ?Thank you 🙏🙏
@@PlanYourFederalBenefits i will not live in the USA and I will NOT own any property in the USA. Will the retirement (SSDI, FERS/OPM or TSP still be taxed by any state?
It all depends on the state you live in. For example I have heard horror stories about how some states would go after federal employees for unpaid state taxes while they were working overseas for many years and had zero property or ties to that state but simply failed to change their address to a new state. Your safest bet is to officially change your state residence to one of these states that have zero taxes. You should also research how your state handles state residents who live outside the US, you may have to file a state tax return every year even if you owe no state taxes.
If you don't own any property in the states then in most cases you'd only owe US federal taxes if you live in Mexico. You may owe Mexican taxes as well.
States that don’t tax pension income: Alaska Florida Nevada South Dakota Tennessee Texas Washington Wyoming New Hampshire Alabama Illinois Hawaii Mississippi Pennsylvania
Are our FERS pensions based on exact number of years or do we get partial credit, for instance if I have 18.5 years service will I get 18.5% of my High-3?
Great question. This article should help: www.hrblock.com/tax-center/filing/personal-tax-planning/filing-taxes-in-multiple-states/#:~:text=If%20both%20states%20collect%20income,return%20in%20your%20home%20state.
Well done! Now if I were to move to FL (or one of the states that dont tax tsp distribution) if i choose a lump sum distribution while living in one of these states can I thereafter move to CA or NY without any tax ramification of that lump sum distibution while living in FL? Again, articulate and precise. Thank you
@@PlanYourFederalBenefits Plus, NYS does not tax TSP distributions for FERS retirees. NYS considers those distributions as pension payments. There is a Tax Advisory Opinion from 2015 on this. TSB-A-15(6)I
Your information is very informative, thank you always. But I came across it on the New York website. “Your pension income is not taxable in New York State when it is paid by: New York State or local government. the federal government, including Social Security benefits”
@@PlanYourFederalBenefits What?! Your TH-cam Channel name is Haws FEDERAL Advisors! The name of the video is "The States That Won't Tax Your FEDERAL Retirement Income," but it wasn't worth mentioning the states that DO tax other pensions but not Federal?!?!?! Example, I live in KANSAS and they don't tax FEDERAL pensions. So, you're audience is FEDERAL employees but all you show is is the few states that ... oh, never mind. You blew this one! I request a BIG DO OVER! Example, I KNOW Kansas doesn't tax the FERS annuity, but I'm not sure about TSP withdrawals. (Yes, that will require some actual research on your part!)
@@PlanYourFederalBenefits I too was surprised to not hear NY as I knew they didn't tax government pensions. This is true at the state and city level as well. No government pensions are taxed. You mentioned it but probably would have been helpful to just list the states that have no income tax whatsoever.
States that tax Social Security income: Colorado New Mexico Utah Connecticut Kansas Minnesota Missouri Montana Nebraska North Dakota Rhode Island Vermont West Virginia
![[UNCUT]"ทนายตั้ม" แฉยับ! ความลับสวรรค์ ใครคือ "บิ๊กเทวดา" ของบอสพอล l คนดังนั่งเคลียร์ l 15 ต.ค. 67](http://i.ytimg.com/vi/ru9fpSaUwdA/mqdefault.jpg)
There has been some great comments and questions to this video. In efforts to keep this video relatively simple and not super long, I only included the states that didn't tax certain types of income at all without exceptions. For example, New York doesn't tax federal pensions but they do tax some private pensions so I didn't include New York in the list that doesn't tax pensions.
The video would have to be very long to cover the nuances of each state. You may want to look in to the specifics of your state to understand exactly what your retirement might look like.
Federal civilian and military pensions should be exempt from federal as well as all state (and territory) and local taxes
You are making the case for heading down to Florida and living in a van, down by the river.
States that don’t tax traditional TSP income:
Alaska
Florida
Nevada
New Hampshire
South Dakota
Tennessee
Texas
Washington
Wyoming
Illinois
Mississippi
Pennsylvania
NYS does not tax TSP distributions for FERS retirees.
I really like your videos and enjoy the information you generally convey. If I could offer a suggestion though, they should be about half as long, or even less, as you tend to skip around too much. A down to earth, quick information download is what ppl are looking for. Thanks for the vids.
would have been helpful to have some sort of visual graphic with all the information that you provided (list of states)
Thanks for the tip Rick, we are working on it :)
I just read New York’s ruling on the taxability of the TSP. The case involved someone who had rolled over an IRA into the TSP. The state said that the money in the TSP that was based on the rollover is taxable, and the money that was based on the federal wages is not.
I moved out of the US and lived in Asia. The biggest savings is in my rent. My mortgage/rent in the US was usually around $1,200+. In Asia it was about $300-500. The other expenses were all significantly less.
Thanks for sharing!
I hear the air pollution is getting really bad? Like 6 months out of the year 😬
@@jerryrn5571 Yeah, the air pollution from burning in certain places and smog from mostly old diesel trucks in some cities is getting bad.
So how are your taxes treated as if you lived in a tax state or a non-taxed state? Where is your bank or credit union in a tax state or a non-tax state?
@@s.c.6367 not affected by taxes, non taxed state.
The Federal Retirement Supplement to Bridge the Gap to SS - how is that looked at by the states ?? (It is not pension , it is not SS, it is not TSP)
Great content as usual. Why didn't you wall clock move during this nine minute video?
It would really help if you used some graphics. Showing a basic spreadsheet would greatly help.
Withdrawals from retirement accounts and pensions (both public and private) in Georgia are only partially taxed. Anyone over 65-years-old can deduct up to $65,000 of retirement income. I don't know anyone (I'm sure there are D.C. politicians) that has a Fed Pension over $65,000. So basically, for the vast majority of retired Fed Employees, their pensions are not taxed in Georgia once they reach 65. If I'm reading this incorrectly, please inform. I plan on retiring in GA partially based on the no SS and no > $65k pension tax.
If I bought a 2nd home in Florida when I retire Does that residence have to be a primary residence in order to not get my pension and TSP taxed at the state level?
Yes, most of the time it does have to be your primary residence
My husband had always dreamed of retiring in Florida, so we moved. No state income tax - but property taxes are insane. For anyone thinking about fleeing from state tax, Nevada might be a better choice. (and no hurricanes!)
So sorry it wound up like that for you. But thanks so much for sharing so that others will know what to look into before making a similar decision!
I wish I could win the lotto so I could help you out. I would suggest you not hold your breath but if I do win I'll come looking for you ❤
Unfortunately, when you retire in Florida and get old enough to go into assisted living, unless you have a policy to cover such…. It will run 15000.00 a month.
So move. Small town middle America. My husband and I live on $30,000/year. That's our expenditures, not our income. The house is paid for. We own two cars outright. Property taxes and homeowners insurance combined are $5,000/year.
So your yt channel description says investment strategies for every age and every income. Yet your life is a freaking mess? How does that work?
Love getting my retirement advice from James Franco!
I'll take that as a compliment :)
@@PlanYourFederalBenefits James Franco from Pineapple Express 🤗
Also he said “Illinois-z. I guess a lot of people do not understand the s is silent.
I was thinking he looks like Waldo from the Van Halen video hot for teacher!🤣😂
CPAadvisor just published a summary table ranking states on their property, income, sales tax and overall tax burden.
Pa. Does not deduct TSP contributions from state taxable wages. So if you move to another state in retirement you could be paying twice.
I switched from PA to Aaska. Never going back to PA
I wish I have found you a long time ago. I paid huge tax on TSP and I have nothing left after COVID at 60.
The Social Security retirement "benefit" is taxed by the federal government because it was not taxed when the federal government took it from one's pay (same as TSP). As we all know (some ignore it), our federal government loves to tax [take] everything that it can. Listen to 2:40 through 2:55 of this video.
Im 59, single. Live in North Mississippi, debt free including home. Will retire at 63 with 31years federal government full pension,1.1 mill in my TSP and SS at 63. Working on getting my VA disability increased.
They are taxing you on money you already paid as a tax...which is double taxing...
My same thought crazy as hell.
We live in Alaska...limit our 401k income to less than $80k so our federal tax rate is 12%, and we qualify for subsidized Blue Cross Gold health insurance under Obamacare...that saves us over $25k in health insurance per year. Alaska has no state income tax, no state sales tax, no state estate tax, at age 65 the first $150,000 property appraisal is waived from property taxes. Our annual permanent fund dividend check is taxed by the federal government.
Thanks for sharing!
Alaska seems amazing !
Iowa's governor signed a bill. Starting with 2023 Iowa does not tax retirement or annuities any longer.
Question: I'm 65 years old and plan to retire March 31, 2022. I'm currently putting $1K per pay period into Roth IRA to max out the 2021 annual plus catch-up limits. With eight pay periods in 2022 before retirement, can I increase my Roth IRA contributions to max out the 2022 annual plus catch up limits (i.e. $27,000 via eight pay periods would equal $3,375 every two weeks)?
Yes, you can!
Kentucky does not tax SSI, and on other forms, pension, 401K or IRA income up to $31110.00 is exempt.
States that place some arbitrary cliff that you get closer to falling off for every dollar you withdraw from a retirement account. No thanks.
I thought New York also does not tax any type of government pension, including Federal Government workers pensions. Is that true?
As of now, it looks like it does.
OK, but which states are the states that don’t tax all three types of FERS income?
1) What if my credit union is in a taxable state NC but I reside in a non-taxable state Fl. 18 years? Pension annuity
2)What if I move out of the country but keep my credit union in the taxable state? Pension annuity
How soon before I retire, would I need to move to a lower or non taxing state (from the state I live in now)? What are the requirements to be recognized as living in a specific state to be a resident for tax purposes? 6 months per year? Do I have to have a residence? A po box? a checking account? a drivers license? what if I only rent an apartment for 6 months in that lower tax state; what if I stay with my Mom who lives in that lower tax state and dont have to pay rent and then spend the other 6 months in Mexico?
Look up the residency requirements in the state you want to move to.
I'm about to get transferred from California to Washington. I have the option of transferring my pension to Roth IRA, but is this a good option and will I get taxed California taxes?
NYS doesn’t tax federal pensions nor social security income
Yea, a visualization would have been 10x better with the video. This way we can actually compare which states tax certain accounts.
If state tax is withheld from the amount you paid into TSP, you may be able to not pay state tax, again, on that amount (but on the earnings and match). I started drawing a state pension and for the first 1.5 year, I am receiving the amount I paid into the state pension fund so no state tax, just federal. I will consult a tax accountant the first year I draw FERS and from my TSP. When I filed for it, I received a letter explaining that the State first pays you what you contributed to the pension fund; I held onto it for my tax return files. Also got same explanation with my state W2 R for my pension for 2021. Beware though: TurboTax couldn’t calculate it so I had to do it myself.
Thanks for sharing!
Thank You for all your videos they are extremely helpful. Not to be a thorn in your side, but how do I find out how much taxes are withdrawn from my TSP withdrawals in the state of Oregon?
The TSP's default is often 20% for federal taxes and you can withhold more for state if desired
Can you make a video explaining how it will be taxed living abroad?
Great topic, will do!
Short answer is, if you are a US citizen you must be "domiciled" in one of the 50 states. Choose wisely.
In PA does tax you Thrift savings when you retire at the percentage rate of %3.07
PA does not tax retirement income including withdrawals from the TSP.
I read that NY doesn’t tax federal/military pension? Can you please clarify for me. Thanks!!
That is correct, NY doesn't tax federal pensions but they do tax private pensions so I didn't include it. Nice clarification!
I started getting my interim checks just recently, but I noticed they are not withholding any VA state tax. Will they start withholding when my application is finalized?
Yes, and you can always contact OPM to change the amount that they withhold for state taxes once your application is finalized.
My experience is no they don't. I noticed about 4 months after retirement that state taxes weren't being withheld. You need to go to your account at servicesonline.opm.gov and enter your own state deduction.
@@thomasgoldman5193 Yes, thanks. I was able to do that after my retirement was finalized a couple of weeks ago.
North Carolina does not tax federal pensions if you began work before 1989.
Thanks for sharing!
What’s the significance of 1011? Time stands still? Groundhog Day?
No significance other then that is that time it was when I pulled the battery out to stop the ticking :)
Dallen, I see you are in Sierra Vista, AZ. I am wanting to buy a house in Winter Haven. Can you recommend a really good Real Estate Agent?
Thanks
Leah at RA home team is great! rahometeam.com/
BLMOA …Winter Haven,California?
Not that dump !!!!😂
Haws, good info. thanks. What about North Carolina? Federal pensions are exempted. is that right? Anyone?
I am seeing this about 2 years after you posted your question, and I am not sure if you ever received an answer to your question about North Carolina. A couple years ago, we were considering a retirement move to Charlotte NC, and I found this. There are some criteria to quality;
Bailey Decision Concerning Federal, State and Local Retirement Benefits
www.ncdor.gov/taxes-forms/individual-income-tax/bailey-decision-concerning-federal-state-and-local-retirement-benefits
Great to hear about Illinois!
i currently invested in the employers 401k @ 18% i also use stocks and bonds investing @ $400 monthly and I have a TSP invested in C 45% S 45% I 10%. and also live in NV. my questions is should i do a rollover out of the TSP into my employers 401k or just let it sit there til 59 1/2?
Great question, It is not bad to keep your money in the TSP so it just comes done to where you'd like to manage your money. You also may want to check on the fees you pay in your 401k.
Why does you clock on all your video's show 10:10?
I didn't like the ticking :)
You missed one. Kansas does not tax Public Pensions, to include Federal Pensions.
No income tax South Dakota you only need to spend 24 hours there every 5 years. I personally know retired California county retirees doing this.
This is off topic but is your clock real? It always says 10:11
I didn't like the ticking :)
When you do a TSP monthly payment, it is taxed married with 3 dependents about how much is that or about what percentage should i work with to get a estmate?
IN does not tax social security. Additionally, military retirement or survivor's benefits are being phased to be 100% tax free by the 2022 tax year. The 2021 tax year will be 75% deductible.
IN also has a 1% property tax (once you file for it). I think IN is trying to become the new TX for military retirees.
I also thought Ma. didn’t tax your federal pension?
Hello, would you consider discussing disability retirement? Thanks
Yes, that would be awesome as I was a title 32 civil service employee. Title 32 means to keep a civil service job that you must maintain membership in the Army or Air National Guard. I got out of the Air National Guard on a medical and was forced to retire from my civil service position. I am receiving a civil service disability annuity until my 62nd birthday and then it gets recalculated as my civil service retirement.
So what about the supplemental (early retirement)? Will that be taxed in NY?
NY doesn't tax federal pensions (they often tax private pensions depending on age and income) so your FERS supplement won't be taxed on the state level in New York.
@@PlanYourFederalBenefits thanks 👍
Hello Haws, I enjoy your videos, you are a wealth of knowledge. If I move to the Philippines is my TSP, FERS retirement and SSDI both federal and state taxed ?Thank you 🙏🙏
Great question, most of the time you will owe at least federal and maybe state if you own property in a state. It varies by state.
@@PlanYourFederalBenefits i will not live in the USA and I will NOT own any property in the USA.
Will the retirement (SSDI, FERS/OPM or TSP still be taxed by any state?
@@user-sh8nz5sm5j good question. I’m looking to retire on 5 years. I would like to know if I should move or stay in my current state.
It all depends on the state you live in. For example I have heard horror stories about how some states would go after federal employees for unpaid state taxes while they were working overseas for many years and had zero property or ties to that state but simply failed to change their address to a new state. Your safest bet is to officially change your state residence to one of these states that have zero taxes. You should also research how your state handles state residents who live outside the US, you may have to file a state tax return every year even if you owe no state taxes.
What about if you move to another country like Mexico? Is their any penalties or higher taxes or no taxes?
If you don't own any property in the states then in most cases you'd only owe US federal taxes if you live in Mexico. You may owe Mexican taxes as well.
THANK FOR YOUR VIDEO. VERY HELPFULL.
Glad it was helpful!
States that don’t tax pension income:
Alaska
Florida
Nevada
South Dakota
Tennessee
Texas
Washington
Wyoming
New Hampshire
Alabama
Illinois
Hawaii
Mississippi
Pennsylvania
Thanks for sharing!
Are our FERS pensions based on exact number of years or do we get partial credit, for instance if I have 18.5 years service will I get 18.5% of my High-3?
They use up to months. So if you have 18 years, 6 months, and 5 days then the 5 days will fall off and they'd use 18.5
@@PlanYourFederalBenefits thanks, do the days always fall off? For instance, would 5 months and 25 days be credited at 5 months or 6 months?
What about Puerto Rico?
Love you videos, so informative!! Thank you
Great to hear!
All your vids are great and very informative. Thanks so much!!
My pleasure! Have a great day!
At retirement can you withdraw your whole tsp in a lump sum?
Yes you can but you will want to watch out for taxes.
@@PlanYourFederalBenefits Thanks for your reply
Suppose you live in two states. Is the tax wherever you live the longest? Good explanations, btw. You're a good teacher.
Great question. This article should help: www.hrblock.com/tax-center/filing/personal-tax-planning/filing-taxes-in-multiple-states/#:~:text=If%20both%20states%20collect%20income,return%20in%20your%20home%20state.
Well done! Now if I were to move to FL (or one of the states that dont tax tsp distribution) if i choose a lump sum distribution while living in one of these states can I thereafter move to CA or NY without any tax ramification of that lump sum distibution while living in FL? Again, articulate and precise. Thank you
Doesnt MI tax Soc. Sec.
You missed NY State. NY State does NOT tax Federal Pensions.
Thank you!
@@PlanYourFederalBenefits Plus, NYS does not tax TSP distributions for FERS retirees. NYS considers those distributions as pension payments. There is a Tax Advisory Opinion from 2015 on this. TSB-A-15(6)I
What about arizona
10~10?
great information!
Glad it is helpful!
And I was expecting to hear California 😂🤣😂
Missouri does not tax social security!
If you make under 100k as a couple you are not taxed on Social Security!
Thanks for sharing!
Thanks
Glad it was helpful!
I think it's time to change the batteries in that clock...
Haha, good point!
Tell me again about the Boston Tea Party.....Booooo taxes!
Your information is very informative, thank you always. But I came across it on the New York website. “Your pension income is not taxable in New York State when it is paid by: New York State or local government. the federal government, including Social Security benefits”
That is correct, NY doesn't tax federal pensions but they do tax private pensions so I didn't include it. Nice clarification!
@@PlanYourFederalBenefits What?! Your TH-cam Channel name is Haws FEDERAL Advisors! The name of the video is "The States That Won't Tax Your FEDERAL Retirement Income," but it wasn't worth mentioning the states that DO tax other pensions but not Federal?!?!?! Example, I live in KANSAS and they don't tax FEDERAL pensions.
So, you're audience is FEDERAL employees but all you show is is the few states that ... oh, never mind. You blew this one! I request a BIG DO OVER! Example, I KNOW Kansas doesn't tax the FERS annuity, but I'm not sure about TSP withdrawals. (Yes, that will require some actual research on your part!)
@@PlanYourFederalBenefits I too was surprised to not hear NY as I knew they didn't tax government pensions. This is true at the state and city level as well. No government pensions are taxed. You mentioned it but probably would have been helpful to just list the states that have no income tax whatsoever.
Illi-noise? Where’s that state? 🤣. I’m just messing. Good information to know.
Thanks for this and your whole series. The "s" in Illinois is silent.
You are very welcome!
Thank you
Haws' office tells the correct time only twice a day, but Haws' advice is correct all the time!
Haha, nice catch, I didn't like the ticking :)
please change the batteries in your clock or take it down
Rick Moranis' son
Don't forget about Puerto Rico!
this is not an April Fools Joke?
👍
Thanks for being part of the community!
Retirees should move out of the United States period.
States that tax Social Security income:
Colorado
New Mexico
Utah
Connecticut
Kansas
Minnesota
Missouri
Montana
Nebraska
North Dakota
Rhode Island
Vermont
West Virginia