Hawaii Pension Exclusion. The exclusion ratio is the employer contribution of $6,000 divided by the sum of $6,000 (the. The section 101(b) exclusion shall be prorated over the expected return of the annuity, and the prorated amount shall be subtracted from the amount otherwise excludable as a pension.
Distributions from a pension plan that are made to comply with the federal mandatory payout. Annual pension exclusion hawaii does not tax distributions from qualified employer. Your distributions may be partially eligible for the hawaii pension exclusion if they came from.