Ask The Experts: Money Matters

By Mike Miles

State tax on annual leave payment

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Q. We plan to retire from Washington, D.C., this year and currently live in Virginia. When we retire, we will immediately relocate to Nevada. Do we have to pay Virginia state tax on our annual leave check?

A. This is a question for a CPA.

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Comments

  1. Scott McLennan Says:
    January 9th, 2013 at 4:28 pm

    Depends on whether you are a resident of Virginia or Nevada when the check arrives. I would have a Nevada address and bank account before I retired and have all paperwork go to them.