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Alabama Social Security And Retirement Tax

Alabama income tax on pension and retirement benefits depends on income type like pension, social security, defined benefit plan, etc. Different tax rules apply for state/federal pension and private pension. Retirement Taxes

Alabama income tax on pension and retirement benefits depends on income type like pension, social security, defined benefit plan, etc. Different tax rules apply for state/federal pension and private pension.

State Tax Exemptions

Private Pension: Private defined benefit pensions are fully tax-exempt. You need to report all other pension payments as taxable income.

None/Full

State and Local Pension: Pension payment from state and local government bodies are fully tax exempt.

Exempt

Federal Pension: All federal pension and retirement payments are fully tax exempt for residents. Out of state federal pensions are tax-exempt if they are defined benefit plans.

Exempt

Military Pension: Exempt

Military retirement pay are not taxable in Alabama

Social Security: Yes

Social Security benefits are tax exempt.

Pension Age Restriction: No

Pension Income Restriction: No

Disability Income: VA disability benefits are not taxable.

Last Updated ( Friday, 08 January 2010 05:46 )