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Old 01-20-2019, 03:42 PM
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Taxed in 2 States?

Myself & wife are both retired from Calif. PERS, both receive SS & I also retired Military. We moved from Calif. to NC. Both of our retirement $$$ are from Calif. only and I fed. mil. retirement. We have no earned income from NC, only retirement from CA. Our CPA states that we have to split our tax between CA & NC. We usually receive a refund from CA. and have to pay yearly to NC (why?) and usually get a small refund from Federal. Any help is appreciated. TY JohnM. in ILM/NC.



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Old 01-22-2019, 03:40 AM
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say, you retire and move from CA to NC in the mid year I mean say, in June, then, you may be considered a partial resident of both statesof CA nd NC and be required to file returns and pay taxes in both states in the year you move. Some states also require part year residents to pay income tax on retirement income earned in the state, even if they live part of the year in another state. While the stateof CAm where you earned your retirement incom may not tax on it, you may still have to pay taxes on the income in your state of residency , NC. For example,say, if you earn a pension in CA, then move to NC the state of NC may require you to pay taxes on this income. Tax rules on retirement income vary significantly by state. Many other states also allow partial exemptions or special rules for pension income.You need to Check with your NC state tax department to learn about specific rules in your state



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