spidells-california-minute

 

 

 

 

 

 

 

 

In the attached audio clip (click on photo above to listen), Spidell Publishing’s “California Minute” discusses a questions that comes up a lot.  What is that taxability of non-resident pensions?  These are situations in which you earn a pension in one state, and then retire in another.

Under both federal law and California R&TC §17952.5, qualified pension payments paid to former California residents are not taxable by California.

(This is Blog Post #595)


Spidell Publishing, Inc. has been a critical source of California tax information for tax professionals since 1975, promoting ideas, references, solutions, and guidance, plus news and commentary covering all aspects of tax and its administration.