Retirement Income Taxes in Wisconsin

annuity think tankWith your house paid off and your kids no longer living under that same roof, you are limited in the deductions you can take from your income in retirement.  It’s important to understand how your retirement income is taxed in the state you live in so you can make your retirement savings go farther.

 

In Wisconsin, there is no federal income tax deduction.  However, if you have Social Security income, Railroad benefits, and/or military retirement income, then you are exempt from paying state taxes on that income.  All out of state government pensions are fully taxed.

 

We recommend you consult your financial advisor or tax professional in Wisconsin with any specific questions on how your retirement income is taxed.  If you don’t have one, we would be happy to recommend one in your local area.  Give us a call at Annuity Think Tank at (888) 282-3653 or email us at info@annuitythinktank.com.  We would welcome the opportunity to speak with you!

ATT Rate Button

Tags: can i deduct my social security income in wisconsin, do i have to pay taxes on my pension in wisconsin, do i have to pay taxes on social security income in wisconsin, how is my retirement income taxed in wisconsin, how much income can i deduct in wisconsin in retirement, Retirement Income Taxes in Wisconsin, rules of retirement income taxes in wisconsin, social security income taxes wisconsin 2013, taxes on military pension in wisconsin, taxes on national guard pension in Wisconsin, wisconsin retirement income taxes 2013

  • Delicious
  • Facebook
  • Digg
  • Reddit
  • StumbleUpon
  • Twitter
  • RSS Feed

No comments yet.

Leave a Reply