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April 3, 2020
Question

State taxes NC

  • April 3, 2020
  • 1 reply
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How do I enter my  NC  state taxes so my state taxes show zero.  As my wife and I are retired school teachers part of our retirement is we do not pay state taxes.  

1 reply

April 3, 2020

After you enter the information from your 1099-R you will come to a screen, Where is this distribution from?  Mark the first radio button--Bailey settlement retirement benefits.  As a result of the North Carolina Supreme Court’s decision in Bailey v. State of North Carolina, North Carolina may not tax certain retirement benefits received by retirees (including teachers) of the state of North Carolina.

 

dscifiguyAuthor
April 3, 2020

Thank you so much.

 

April 3, 2020

You're very welcome!