Pennsylvania Retirement Tax: Does Pennsylvania Tax Pensions for Retirees?
In Pennsylvania, retirement income is usually not taxed. Payments from retirement accounts like 401(k)s and IRAs are exempt from state income tax. Pensions for residents aged 60 and over are also tax-exempt, providing financial relief for retirees living in the state. Additionally, Pennsylvania taxes other types of retirement income differently. For instance, interest, dividends, and … Read more