What should I know about a North Carolina pension's tax-ability?

Answer by  ElectronicGuy (221)

This is a fairly loaded question, Laws and statues vary on a place by place basis. You'll need to contact your local state legislator or municipal court to verify the allowances in place per county. In addition, laws change year by year, so make sure you keep up to date.

Answer by  Gabriel (2146)

It depends on the plan, and whether the contributions were before-tax or after-tax dollars. Your plan administrator can give you more information on the taxability of any disbursements.