If you get money from a retirement plan, such as a pension, this program helps you get an income tax exemption. This will help lower the amount of income tax you pay or increase the amount of your refund.
The exemption applies to several forms of retirement income, including taxable pensions, IRA withdrawals, or annuities. The amount of retirement income you can exempt depends on your filing status and other circumstances.
How do I apply?
Please contact your local state division of taxation office to find out how to apply.