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08. I receive Social Security Benefits, do I qualify for the Pension Benefits Income Deduction?

Each recipient of an eligible pension must reduce the benefits deduction by all taxable and nontaxable social security or railroad retirement benefits received. If the total social security or railroad retirement benefit is less than $6,000.00 you will qualify for a portion of the deduction. If your total benefit exceeds $6,000.00, you do not qualify for the deduction.

For tax years 2001 or later, military pensions are fully deductible up to $6,000.00 per recipient, and do not have to be reduced by social security or railroad retirement benefits received.

You must complete the Worksheet for Pension Income Deduction found in your income tax booklet, and submit the worksheet with your income tax return to claim a Pension Income Deduction.

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