TODAY'S PAPER
33° Good Morning
33° Good Morning
OpinionLetters

Exempt 401(k) money from income taxes, too

Be aware of IRS regulations when inheriting an

Be aware of IRS regulations when inheriting an IRA or 401(k). Credit: Getty Images/iStockphoto / courtneyk

Exempt 401(k) money from income taxes

I read the June 21 letter “Let all pensions be free of NY State tax.” While I agree wholeheartedly that all pensions, federal, state or private, should be treated the same for tax purposes, that treatment also must include withdrawals from retirees’ 401(k) accounts. Many users of those accounts were not lucky enough to work for an employer offering a pension.

Nelson Hunter, Greenlawn

Comments

We're revamping our Comments section. Learn more and share your input.

Columns