Retirement income in North Dakota
Varies
Does North Dakota Tax Retirement Income?
Short answer: Yes. Pensions and 401(k)/IRA withdrawals are taxed with no general retirement exclusion.
Government pensions: Certain retirement benefits of licensed peace officers may be excluded; other government pensions are taxed. 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 North Dakota
Varies
Individuals / Personal Taxes
Yes. Pensions and 401(k)/IRA withdrawals are taxed with no general retirement exclusion.
Business justification
Yes. Pensions and 401(k)/IRA withdrawals are taxed with no general retirement exclusion. Government pensions: Certain retirement benefits of licensed peace officers may be excluded; other government pensions are taxed. 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