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boo taxes

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I’ve been living under the impression that if I take my $90K a year (net) pension to California or New York that I will be paying income taxes.

Have I been wrong all these years?

:dunno:
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In NY unless its a NY State pension you're taxed on it. You can probably exclude 20k and would pay about $3k in taxes on the remaining 70k subject to NYS income tax (not factoring in any other income).
 
Boner_18
In NY unless it’s a NY State pension you're taxed on it. You can probably exclude 20k and would pay about $3k in taxes on the remaining 70k subject to NYS income tax (not factoring in any other income).
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It’s a Florida pension

Didn’t know I could potentially exclude $20K



I’m paying roughly $15K a year for health insurance. Would that change anything Bone Bone?
 
Federal income tax, maybe. Health insurance premiums (most unreimbursed medical expenses) are deductible to the extent they exceed 7.5% of AGI, provided you itemize. You might not itemize? No mortgage interest deduction if im remembering you're a renter?
 
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