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Forums  > General > Living, Working, Retiring> Re: [viktoremski] Paying state income taxes in the USA

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RickS


Apr 6, 2017, 9:45 AM

Views: 9598

Re: [viktoremski] Paying state income taxes in the USA

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Well, I know that I am correct about the pre-tax 457 type accounts. I just had that re-confirmed yesterday by my 457 pension administrator. It is the law. It makes no difference to the IRS or a state taxing authority where the monies were earned, it is where those earnings become 'income' (the moment you take a payout whether that be 'total' or via an RMD) that determines the tax status of that earned income. California cannot grab what is not theirs according to law. They tried that years ago and got their hands slapped (by the Courts!).

But this is just "Interent Forum Tax Guidance", so I guess you would be wise to check with your 457 Pension Administrator, who I assume is Fidelity. And, yes, you would be wise to make sure that they have your place of legal residence correct.


(This post was edited by RickS on Apr 6, 2017, 3:51 PM)


Edit Log:
Post edited by RickS (Veteran) on Apr 6, 2017, 9:58 AM
Post edited by RickS (Veteran) on Apr 6, 2017, 9:59 AM
Post edited by RickS (Veteran) on Apr 6, 2017, 9:59 AM
Post edited by RickS (Veteran) on Apr 6, 2017, 10:49 AM
Post edited by RickS (Veteran) on Apr 6, 2017, 3:51 PM


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