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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.
Pensions, annuities, and certain IRA withdrawals are taxable and must be reported on your New Jersey resident income tax return. However, the taxable amount you show on your State return may differ from the amount that is taxable for Federal income tax purposes.ension, annuity, and IRA income received by a nonresident is not subject to New Jersey income tax. Taxable pensions include all state and local government, teachers', and Federal pensions, as well as employee pensions and annuities from the private sector and Keogh plans.