Louisiana State Teachers Retirement Benefits
Print the amount of retirement benefits received from the Louisiana State Teachers Retirement System. This amount should be included in the amount on Schedule E, Line 1.
Federal Retirement Benefits
Print the amount of retirement benefits received from a Federal Retirement System. This amount should be included in the amount on Schedule E, Line 1.
Other Retirement Benefits
Print the amount of retirement benefits received from any retirement systems whose benefits are specifically exempted by law from Louisiana income tax. In the space provided, print the name of the retirement system or the statutory citation exempting these benefits from Louisiana income tax. A list of the eligible retirement systems and their statutory citations can be found in the LDR publication, R-40058, Credits, Exemptions, Exclusions, and Deductions for Individual and Corporation Income Tax, Corporation Franchise Tax, Inheritance Tax and Gift Tax, which is posted on LDRs website.
Annual Retirement Income Exemption for Taxpayers 65 Years of Age or Older
Up to $6,000 of your annual retirement income may be exempted from state taxation if your filing status is single, head of household, married filing separately, or qualifying widow, and you are 65 years of age or older.
If your filing status is married filing jointly, both you and your spouse are age 65 yearsor older, and each of you received annual retirement income, up to $6,000 of the annual retirement income that each taxpayer receives may be exempt from state taxation.
"Annual retirement income" that is taxable to Louisiana is any distributions from a pension or an annuity that you receive and report on Federal Form 1040A, Lines 11b and 12b or Federal Form 1040, Lines 15b and 16b. Do not include retirement benefits that are coded as 02E, 03E, 04E, or 05E. Print the name of the pension or annuity on the line provided.