BOOM! State Tax Returns Due Today

A friendly reminder: Government Retireds DO NOT pay state income taxes.

Is there a list of retirement system benefits that may be excluded from Louisiana income tax?

Annual Retirement Income Exclusion (R.S. 47:44.1(A))—Persons 65 years or older may exclude up to $6,000 of annual retirement income from their taxable income. Taxpayers that are married filing jointly and are both age 65 or older can each exclude up to $6,000 of annual retirement income. If only one spouse has retirement income, the exclusion is limited to $6,000.

Federal Retirement Benefits Exclusion (R.S. 47:44.2)—Federal retirement benefits received by federal retirees, both military and nonmilitary, may be excluded from Louisiana taxable income.

State Employees, Teachers, and Other Retirement Benefits Exclusion—Individuals receiving benefits from certain retirement systems listed below are allowed to exclude those benefits from their Louisiana tax-table income. In addition, R.S. 33:7203 and R.S. 40:427.2(E) provide that Municipal and State Police Employees Retirement System deferred retirement option plan funds are exempt from state income tax.

R.S. 11:405 State Employees’ Retirement System
R.S. 11:570 Funded Judicial Retirement Plan
R.S. 11:1378 Non-contributory Judicial Retirement Plan beginning after December 30, 1980
R.S. 11:704 Teachers’ Retirement System
R.S. 11:704 Teachers’ Retirement System of Orleans Parish
R.S. 11:1003 Louisiana School Employees’ Retirement System
R.S. 11:1331 Louisiana State Police Pension and Retirement Fund
R.S. 11:1391 Pension for Confederate Veterans and Widows of Confederate Veterans
R.S. 11:1403 Assessors’ Retirement Fund
R.S. 11:1526 Clerks’ of Court Retirement and Relief Fund
R.S. 11:1583 District Attorneys’ Retirement System
R.S. 11:1735 Municipal Employees’ Retirement System of Louisiana
R.S. 11:1735 City of Baton Rouge Retirement System
R.S. 11:1735 Employees’ Retirement System of East Baton Rouge Parish
R.S. 11:1735 Employees’ Retirement System of City of Shreveport
R.S. 11:1905 Parochial Employees’ Retirement System
R.S. 11:1905 Employees’ Retirement System of Jefferson Parish
R.S. 11:3014 City of Alexandria Employees’ Retirement System
R.S. 11:3051 City of Bogalusa Employees’ Retirement System
R.S. 11:2033 Registrar of Voters Employees’ Retirement System
R.S. 11:2182 Sheriffs’ Pension and Relief Fund
R.S. 11:2228 Municipal Police Employees’ Retirement System
R.S. 11:2228 Policemen’s Pension and Relief Fund of the City of Shreveport
R.S. 11:2263 Firefighters’ Retirement System
R.S. 11:3140 Firefighters’ Pension and Relief Fund for the Consolidated Fire Districts Bastrop
R.S. 11:3161 Firefighters’ Pension and Relief Fund for Baton Rouge
R.S. 11:3171 Firefighters’ Pension and Relief Fund for Bogalusa
R.S. 11:3205 Bossier City Firemen’s Pension and Relief Fund
R.S. 11:3294 Lafayette (City of) Firemen’s Pension and Relief Fund
R.S. 11:3345 Monroe Firemen’s Pension and Relief Fund
R.S. 11:3389 Firefighters’ Pension and Relief Fund of New Orleans
R.S. 11:3513 City of Monroe Police Pension and Relief Fund
R.S. 11:3566 Policemen’s Pension and Relief Fund for Alexandria
R.S. 11:3568 Bossier City Policemen’s Pension and Relief Fund
R.S. 11:3608 Lafayette (City of) Policemen’s Pension and Relief Fund
R.S. 11:3658 Policemen’s Pension and Relief Fund for the Department of the City of New Orleans
R.S. 11:3691 Harbor Police Retirement System (Port of New Orleans)
R.S. 11:3770 Bus Drivers’ Pension and Relief Fund of the City of Monroe
R.S. 11:3800 Electrical Workers’ Pension and Relief Fund of the City of Monroe
R.S. 11:3823 Employees’ Retirement System of the Sewage and Water Board of the City of New Orleans
R.S. 11:3823 New Orleans (City of) Employees’ Retirement System
R.S. 17:1613 Louisiana State University Retirement System
R.S. 47:44.2 Railroad Retirement System Benefits
R.S. 47:44.2 Social Security Retirement Benefits
R.S. 47:52 Disability Pay to World War II Veterans
U.S.C.A. 45:231m Railroad Retirement Supplemental

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7 Responses to “BOOM! State Tax Returns Due Today”

  1. Chandler Levar Says:

    They don’t pay taxes on their state retirement income. If they have other income, it’s taxable.

  2. Bob Sherunkel Says:

    Sorry to hijack this thread but I really do wish that I had the opportunity to POST an actual story.

    My story title would simply be “Thank you, Walter”
    This board is a real service to the people of this community!

  3. Anonymous Says:

    Walter, Walter, Walter, here we go again. Poor Walter, crying about exemptions of state income tax for certain eligible retirees. Walter, if you don’t like the system, then either run for Governor and get legislation passed to eliminate the legislation, or better yet, “GROW UP”.

    • Walter Abbott Says:

      Rather than become a politician, I would rather spend my time reporting on them, and also commenting upon the hypocrisy of the Deadhead Class wanting EVERYONE ELSE to pay more taxes, instead of themselves.

      • Anonymous Says:

        Thank you Walter for the job you do.

      • Oldermann Says:

        Taxes are for the little people. Once you’ve become a government employee you have made the big time and you get to be supported by the little people. Govern the masses, be the classes!

      • Anonymous Says:

        I’m not a member of that class, so I really can’t say. But it does seem to me like you are really talking about the whole baby boomer generation. The whole lot of them have taken their whole life, and have nothing but debt to show for it. I guess those of us who are younger will just have to live longer to pay it all off.

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