Monthly Archives: August 2014

Massachusetts Retirees

Believe it or not, some retirees come to Massachusetts for their golden years. When this happens many retirees bring with them an out of state pension (and yes, pensions still exist) and every pension is treated differently. Some out of state municipal pensions such as Hawaii can be fully excluded from your Massachusetts income, others such as Idaho are fully taxable. Two of our neighbors, Maine and New York, are partially excluded. Some out of state pensions still require that you file a tax return for the source state. Retired public safety officers can receive preferential tax treatment on their Federal return. I have one thing to say about this: “Truly you have a dizzying intellect” – Wesley

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