Description 

Navigating state income tax rules can be a minefield—especially when it comes to IRAs and retirement income. While federal rules are consistent, every state plays by its own tax code, and for professionals advising clients across state lines, the risks of noncompliance, double taxation, or missed planning opportunities are very real. This training breaks down the confusing differences in state tax treatment of IRAs—including Traditional, Roth, SIMPLE, and SEP accounts—so you can help your clients avoid costly surprises.

Whether it’s a move to a new state, working across borders, or inheriting an IRA, we’ll walk you through the tax consequences of residency status, state-specific deduction and exclusion rules, basis tracking, and how new SECURE 2.0 provisions play into state law differences. Learn how to stay ahead of evolving legislation, protect your clients from unnecessary tax burdens, and streamline your multistate retirement planning strategy.

Why You Should Attend

Understanding how each state taxes IRAs and retirement distributions is critical for avoiding compliance missteps and optimizing tax outcomes. This session gives you the clarity and confidence to navigate conflicting state rules, support clients moving between states, and apply key SECURE 2.0 changes in your planning. Whether you're advising on contributions, distributions, early withdrawal penalties, or inherited IRAs, you'll gain actionable knowledge to strengthen your practice and protect your clients.

Areas Covered

• Key differences in how states treat IRAs, Roth IRAs, SIMPLE IRAs, and SEP IRAs
• Understanding state tax rules for inherited IRAs and decedent distributions
• Rules for determining tax residency—and why it matters
• Retirement income exclusions and pension exemptions in various states
• How IRA basis is tracked (and taxed) when moving across states
• Early distribution penalties and how they vary by state
• Overview of SECURE 2.0 provisions and pending state legislation
• Common pitfalls for taxpayers moving between states or working across state lines

Who Should Attend

• Tax Preparers, CPAs, and Accountants working with multistate clients
• Local and regional accounting firms seeking to strengthen retirement planning strategies
• Financial Planners and Retirement Consultants advising on IRAs
• Compliance professionals managing tax-efficient income planning
• Professionals helping clients with residency and retirement relocation planning