AboutJohn Stancil, CPA Expertise I can answer questions on personal income taxes, partnerships, and some corporate income taxes. I can deal with some state tax questions. Limited gift and estate tax questions. I am also familiar with ministerial and church tax reporting issues. I teach tax and accounting at a small church-related college. Sales taxes and property taxes are state and local issues so I am not likely be be able to give you an in depth answer on those types of taxes. I have maintained a part time tax practice for over 30 years. I am a member of the AICPA, National Association of Tax Professionals, and the Institute of Management Accountants.
Visit my website at www.johnstancilcpa.com.
Also visit my blog, www.thetaxdocspot.com.
Experience I hold a doctorate in Accounting, and four professional certifications: CPA, CMA, CFM, and CIA. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I write a monthly tax column for the local newspaper. I have prepared taxes for over 30 years.
Education/Credentials DBA University of Memphis
MBA University of Georgia
BS in Accounting Mars Hill College
Question I am receiving a 3/4 disability pension from NYS Police & Fire System. Coded as 3 on the W-2 or 1099 (I forget which) and pay no Federal or State taxes. I know as long as I live in NY I pay no tax, but I would like to know 2 things:
1. If the pension remains non taxable on a Federal level no matter where I live.
2. What states if any give a tax break to disability pensions besides the states that have no personal income tax?
Answer Robert,
Thanks for your question.
Your residency does not affect the taxability of the pension for Federal tax purposes.
There are 43 states with differing laws. Since this is a volunteer forum, I cannot cite the laws in this regard for all 43 sates.
