Pension exclusion on Form IT-201, line 29
A pension exclusion will calculate on Form IT-201, line 29 if:
- You've entered an amount on line 9 or 10 that wasn't from a NYS or local government pension plan or federal government pension plan.
- The taxpayer was aged 59 1/2 before January 1 of the current year.
The amount of the exclusion is the qualifying pension and annuity income included in your Federal AGI, but not more than $20,000.
Data entry
Enter the pension information on the federal
1099R
screen in the Retirement
folder. Don't enter a code in State use
. A code here denotes federal or state government plans, which don't qualify for an exclusion. If the taxpayer or spouse reached age 59 1/2 during the current tax year, only enter the amount they received after they reached age 59 1/2, but no more than $20,000. Use the
Pension exclusion: Taxpayer (Force)
or Spouse (Force)
on the NYAdj
screen in the Income & Adjustments
folder. If W2 income qualifies for the government pension exclusion, enter a
State use
code 15
on the federal W2
screen in the Income
folder. You may need to split the NY income into separate lines so that you can indicate only the income in Box 11 qualifies for the exclusion. 
