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H
hdemaso
February 1, 2025
Question

Why was nys ducion only 20000 when my nys pension was24561.

  • February 1, 2025
  • 1 reply
  • 0 views
Deduction on state taxes only 20000 when my nys pension was 24561.

    1 reply

    AmyC
    AmyC
    Employee
    February 8, 2025

    That is the legal limit. if you are over the age of 59 ½ or turn 59 ½ during the tax year, you may qualify for a pension and annuity exclusion of up to $20,000. See Information for retired persons - Department of Taxation for full details.

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