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March 1, 2024
Question

Exclusion Amount field on Hawaii State Tax Return for the nontaxable portion of the pension distribution

  • March 1, 2024
  • 1 reply
  • 0 views

I received a 1099 R from my employer pension plan.  My understanding is that Hawaii does not tax employer funded pension.  Do I enter the entire pension distribution plan as the exclusion amount on my Hawaii return?  

    1 reply

    AmyC
    Employee
    March 8, 2024

    Yes. An employer funded  pension for past services is exempt. You can exclude the full amount.

    Reference:

    Taxation of Pensions Under the Hawaii Net Income Tax 

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