Retirement income in West Virginia
Varies
Does West Virginia Tax Retirement Income?
Short answer: Partly. Taxpayers 65+ (or disabled) may subtract up to $8,000 of any income, reduced by certain other retirement modifications. Pensions and 401(k)/IRA withdrawals are otherwise taxed. Classified as partial mainly because of the general $8,000 senior modification.
Government pensions: The first $2,000 of WV PERS, WV Teachers' Retirement, and federal civil service pensions is excluded. WV State Police, deputy sheriff, and municipal police/fire pensions (and comparable federal law-enforcement retirement) 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 West Virginia
Varies
Individuals / Personal Taxes
Partly. Taxpayers 65+ (or disabled) may subtract up to $8,000 of any income, reduced by certain other retirement modifications. Pensions and 401(k)/IRA withdrawals are otherwise taxed. Classified as partial mainly because of the general $8,000 senior modification.
Business justification
Partly. Taxpayers 65+ (or disabled) may subtract up to $8,000 of any income, reduced by certain other retirement modifications. Pensions and 401(k)/IRA withdrawals are otherwise taxed. Classified as partial mainly because of the general $8,000 senior modification. Government pensions: The first $2,000 of WV PERS, WV Teachers' Retirement, and federal civil service pensions is excluded. WV State Police, deputy sheriff, and municipal police/fire pensions (and comparable federal law-enforcement retirement) 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