Annual Retirement Income Exclusion (R.S. 47:44.1(A))—Persons 65 years or older may exclude up to $12,000 of annual retirement income from their taxable income. Taxpayers that are married filing jointly and are both age 65 or older can each exclude up to $12,000 of annual retirement income. If only one spouse has retirement income, the exclusion is limited to $12,000.
Federal Retirement Benefits Exclusion (R.S. 47:44.2)—Federal retirement benefits received by federal retirees, both military and nonmilitary, may be excluded from Louisiana taxable income. Federal benefits received from a military survivor benefit plan may also be excluded. Railroad Retirement System Benefits received by federal retirees may be excluded from Louisiana taxable income.
Social Security Benefits Exclusion (R.S. 47:44.2)—Social Security benefits that are taxed on your federal return may be excluded from Louisiana taxable income.
State Employees, Teachers, and Other Retirement Benefits Exclusion —Individuals receiving benefits from certain retirement systems listed below are allowed to exclude those benefits from their Louisiana tax-table income. In addition, for Louisiana individual income tax purposes, retirement benefits paid under the provisions of Chapter 1 Title 11 of the Louisiana Revised Statutes, including disbursements of money from DROP accounts, are exempt from state taxation.
R.S. 11:405 Louisiana State Employees’ Retirement System (LASERS)
R.S. 11:570 Funded Judicial Retirement Plan
R.S. 11:704 Teachers’ Retirement System of Louisiana (TRSL)
R.S. 11:704 Orleans Parish School Employees Retirement System
R.S. 11:952.3 Louisiana State University Retirement System (merged with LASERS and TRSL)
R.S. 11:1003 Louisiana School Employees’ Retirement System (LSERS)
R.S. 11:1331 Louisiana State Police Retirement System (LSPRS)
R.S. 11:1378 Non-contributory Judicial Retirement Plan beginning after December 30, 1980
R.S. 11:1403 Assessors’ Retirement Fund
R.S. 11:1526 Clerks’ of Court Retirement and Relief Fund
R.S. 11:1583 District Attorneys’ Retirement System
R.S. 11:1735 Municipal Employees’ Retirement System of Louisiana
R.S. 11:1735 Employees’ Retirement System of City of Baton Rouge and Parish of East Baton Rouge
R.S. 11:1735 Employees’ Retirement System of City of Shreveport
R.S. 11:1905 Parochial Employees’ Retirement System of Louisiana
R.S. 11:2033 Registrars of Voters Employees’ Retirement System
R.S. 11:2182 Sheriffs’ Pension and Relief Fund
R.S. 11:2228 Municipal Police Employees’ Retirement System
R.S. 11:2228 Policemen’s Pension and Relief Fund of the City of Shreveport
R.S. 11:2263 Firefighters’ Retirement System
R.S. 11:3014 City of Alexandria Employees’ Retirement System
R.S. 11:3205 Firemen’s Pension and Relief Fund for the City of Bossier City
R.S. 11:3292.1 Firemen’s Pension and Relief Fund for the City of Lafayette
R.S. 11:3389 Firefighters’ Pension and Relief Fund in the City of New Orleans
R.S. 11:3513 City of Monroe Police Pension and Relief Fund
R.S. 11:3566 Policemen’s Pension and Relief Fund for the City of Alexandria
R.S. 11:3568 Policemen’s Pension and Relief Fund for the City of Bossier City
R.S. 11:3608 Policemen’s Pension and Relief Fund for the City of Lafayette
R.S. 11:3658 Police Pension Fund for the Police Department of the City of New Orleans
R.S. 11:3823 Employees’ Retirement System of the Sewerage and Water Board of the City of New Orleans
R.S. 11:3823 Employees’ Retirement System of the City of New Orleans
