North Dakota Tax Commissioner Issues Guidelines Regarding Licensed Peace Officer Retirement Exclusion

The North Dakota State Tax Commissioner Dec. 1 issued guidelines regarding a licensed peace officer retirement exclusion. Starting the 2023 tax year, an individual may be entitled to an exclusion from taxable income for the retirement benefits attributable to employment as a licensed peace officer. The guidelines contain information explaining the exclusion, including eligibility for the exclusion, amount of the exclusion, how to apply for the exclusion, and how to substantiate eligibility. [N.D. State Tax Comm’r, Guideline - Income Tax: Licensed Peace Officer Retirement Exclusion, 12/01/23]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff. ...