Students interested in this college are also interested in: Colorado State University, University of Washington, University of California, Berkeley, University of Oregon, University of California, Los Angeles, University of California, Santa Barbara. Overview.
These plans areexcluded from tax on your federal return, but not onyour state income tax return. Once you retire and beginto receive pension benefits, you will pay federal tax onyour retirement payments, but you will not pay PA taxon those benefits.
Seniors over the age of 65 or widows over the age of 50 with an annual household income of less than $35,000 may qualify for a property tax rebate of up to $650 per year. Seniors may exclude up to half of Social Security and railroad pensions when determining income requirements for this rebate. Pennsylvania maintains a 6 percent sales tax statewide, though individual municipalities may tack up to 2 percent more on this figure.