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Is a pension from NYC District Council of Carpenters non taxable to NY?

ljr
Level 8

Hi all, I just want to see if any NY preparers can confirm this for me. Is this considered a pension of nys and local governments to be considered non taxable? New York City District Council of Carpenters (NYCDCC Pension fund) 

I called the state and after 30 minutes on hold they asked me if it was a NYC or NYS or local govt pension? I said that is why I am calling you. response you can check our website - not helpful. 

I called the pension directly and was told we only hold federal taxes. So from that answer am I to infer it is non-taxable to NY? 

Client is under 59 1/2 so would not qualify for the NYS $20K pension exclusion

thanks for the help

 

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1 Comment 1
Terry53029
Level 14
Level 14

Not a NY preparer, but this after googling your question. the monthly pension payments you receive from the Plan are taxable. Link: https://nyccbf.org/member/pension/#:~:text=Yes.,from%20the%20Plan%20are%20taxable.

see FAQ on page