Tennessee retirement income tax: Memphis benefits and federal filing records
Tennessee Revenue says the listed pension, Social Security, IRA/401(k) and annuity income is not subject to state individual income tax. Federal reporting and any other-state questions remain separate.
Sources checked . General information maintained by Memphis Tax with AI assistance. We are an independent directory, not a government agency or tax adviser. Verify the instructions for your tax year and circumstances.
Does Tennessee tax pensions, Social Security or IRA payments?
The Revenue HIT-18 resource identifies pension, Social Security, IRA, 401(k) and annuity income as outside Tennessee individual income tax. Do not interpret that as a federal exemption or as a decision about a return in another state.
A Memphis property bill or a business account is a different issue. If you still work, own rental property or operate a business, describe that separately when requesting a quote; a retirement review does not settle every tax account.
- State treatment of retirement benefits
- Read the listed income types and scope. Tennessee retirement-income guidance
Why do Hall income-tax forms still appear?
The Hall tax concerned specified interest and dividend income. Tennessee’s official page says it was repealed for periods beginning January 1, 2021 or later and instructs taxpayers not to file for those periods. Old forms and older articles should not be used as a modern pension-return checklist.
If a notice concerns an older tax period, identify that period and the actual tax before deciding how to respond. Repeal is not a reason to ignore a historical notice without review.
- Check an old Hall-tax search result or notice
- Use the state’s repeal scope rather than an archived annual table. Tennessee Hall-tax page
Arrange federal and move-year work explicitly
Federal pensions and Social Security have their own reporting rules. Collect benefit statements, contribution history and any distribution paperwork. Ask for special-transaction review before treating an unusual withdrawal as routine income.
For a move into or out of the Memphis region, prepare residence and payment dates and identify any other state involved. Confirm federal, prior-state and notice work in the written engagement; this page does not determine residency or recommend a move.
- Federal pension or annuity
- Review the payer statement and after-tax contributions. IRS pension guidance
- Federal Social Security
- Check filing status and other income using the current worksheet. IRS benefit guidance
Bring a payer-by-payer records list
Group each plan or benefit separately before requesting preparation or review. A summary lets a professional price the work without receiving identity documents in an initial directory inquiry.
- 1099-R statements, corrected forms, SSA-1099 and any railroad benefit statements.
- Plan type, retirement/separation dates, contribution history and prior state adjustments.
- Withdrawal, transfer, inherited-account or conversion records, with dates and the payer’s description.
- Residence/move dates, other income and withholding; ask who handles federal, state and any separate local questions.
For a later investment or property sale, use the Tennessee capital gains tax: Memphis sale and filing guide.
Ask a professional about your situation
Ask about the particular plan, distribution, residence history and federal/state returns. Separate unusual-payment review and notice work in the quote. Directory listings do not certify retirement-income specialists or determine eligibility.
Compare professional qualifications and questions to ask. Keep personal tax documents private; this directory does not receive returns, identity documents or portal credentials.
Related guides
Official sources and applicability
- Tennessee Revenue HIT-18: retirement income — No state individual income tax on the listed pension, Social Security, IRA/401(k) and annuity income types.
Official guidance checked for the applicable task; verify the tax year. Checked 2026-10-24. - Tennessee Hall income-tax repeal — Hall tax repealed for tax periods beginning January 1, 2021 or later; archived forms are not current filing instructions.
Official guidance checked for the applicable task; verify the tax year. Checked 2026-10-24. - IRS Topic 410: pensions and annuities — Federal pension/annuity taxation, including after-tax contributions; state treatment is separate.
Official guidance checked for the applicable task; verify the tax year. Checked 2026-10-24.
Next source review due 2027-01-22, and before promotion for a new tax year. To report an outdated resource, contact the directory without sending personal tax information.