Ask Experts Questions for FREE Help !
Ask
    joegutz1's Avatar
    joegutz1 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 17, 2016, 07:06 AM
    Is lockheed martin retirement pension taxable in Alabama
    Is lockheed martin retirement pension taxable in Alabama
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 17, 2016, 07:52 AM
    Yes. While some states exempt pensions from taxation, Alabama is NOT one of those states.
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
    Uber Member
    		  
    #3

    Apr 18, 2016, 08:41 AM
    Quote Originally Posted by AtlantaTaxExpert View Post
    Yes. While some states exempt pensions from taxation, Alabama is NOT one of those states.
    Happily GA is!!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Apr 18, 2016, 09:01 AM
    Yes, that is true for Georgia, up to a point! There IS a ceiling on the pension exemption.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Pension/retirement program [ 2 Answers ]

mmmmm

Is a VA aid and attendance pension taxable [ 4 Answers ]

My mom was awarded a VA aid and attendance pension in Sept 09. Will she receive a tax form(like a 1099) for reporting this income on her tax return? Is this pension taxable?

Pension refund from Germany taxable in US ? [ 3 Answers ]

I worked in Germany from 2003-2005. From 2007 I am working in US. I received a notification of refund of pension contribution from Germany today. My question is that whether this is taxable in US for any years from 2007- ? (My assumption is that it is not taxable since during the time I made the...

20 vs 30 yr retirement pension [ 1 Answers ]

Currently, our department has a 50% at 20 yrs, 60% at 30 yrs government pension with a 8.5% contribution. Our union just turned down a 50% at 20yrs, earning 2% each year thereafter to a maximum of 70% at 30 yrs. To get this, we were asked to pay an additional .5% (total 9%). Were they crazy for...

View more questions Search