Retirement income in Louisiana
Varies
Does Louisiana Tax Retirement Income?
Short answer: Partly. Taxpayers 65+ may exclude up to $12,000 per person of retirement income, including pensions, annuities, and IRA/401(k) distributions (Act 11 of 2024). The $12,000 amount is indexed for inflation beginning in 2026;.
Government pensions: Benefits from Louisiana state/local retirement systems (e.g., LASERS, TRSL) and federal retirement benefits are fully exempt. Pensions, traditional IRA and 401(k) withdrawals are taxable federally either way; Roth withdrawals after 59½ (5-year rule met) are tax-free.
Records to keep: Keep your state return, W-2s and 1099s (1099-R, SSA-1099), and any state credit worksheets. Check your state revenue department's current-year instructions before you file.
Retirement income in Louisiana
Varies
Individuals / Personal Taxes
Partly. Taxpayers 65+ may exclude up to $12,000 per person of retirement income, including pensions, annuities, and IRA/401(k) distributions (Act 11 of 2024). The $12,000 amount is indexed for inflation beginning in 2026;.
Business justification
Partly. Taxpayers 65+ may exclude up to $12,000 per person of retirement income, including pensions, annuities, and IRA/401(k) distributions (Act 11 of 2024). The $12,000 amount is indexed for inflation beginning in 2026;. Government pensions: Benefits from Louisiana state/local retirement systems (e.g., LASERS, TRSL) and federal retirement benefits are fully exempt. Pensions, traditional IRA and 401(k) withdrawals are taxable federally either way; Roth withdrawals after 59½ (5-year rule met) are tax-free.
Category
- Personal Tax Deductions