Updated October 4, 2026. Quick answer: No. Nevada does not tax 401(k) or IRA withdrawals, because the state may not tax personal income. The Nevada Constitution says “No income tax shall be levied upon the wages or personal income”. Federal tax on the withdrawal still applies.
Hold a 403(b) or 457(b)? What the state’s own documents say about taxing those withdrawals: does Nevada tax 403(b) and 457(b) withdrawals.
Withdrawing from an IRA or 401(k)? Whether the state withholds tax from it, from its own documents: Nevada tax withholding on IRA and 401(k) withdrawals.
Taking money out of your TSP? How the state taxes it, from its own tax documents: Does Nevada tax TSP withdrawals?.
Inheriting from, or planning for, someone in this state? Whether the state has an inheritance tax, from its own tax documents: Does Nevada have an inheritance tax?.
Contributing to an HSA? How the state taxes it, from its own tax documents: Does Nevada tax HSA contributions?.
What Nevada does with 401(k) and IRA withdrawals
The same section allows a different tax: “taxes may be levied upon the income or revenue of any business”. That is a tax on businesses, not on a retiree’s withdrawal. The Constitution says nothing about 401(k) or IRA accounts by name, only that personal income is not taxed.
| Item | What the documents say |
|---|---|
| Treatment | Not taxed by the state: the Constitution bars a tax on personal income |
| State rate on a withdrawal | None |
| Source | Nevada Constitution, Article 10, Section 1 |
A $40,000 withdrawal
A $40,000 withdrawal from a traditional 401(k) or IRA adds $0 of Nevada income tax. Your federal return still includes the withdrawal.
What changes in 2026
No change for 2026 appears in the document read for this page.
Federal rules
The state’s treatment sits on top of the federal one. The IRS explains the federal tax on these withdrawals in Publication 590-B, Distributions from Individual Retirement Arrangements and Publication 575, Pension and Annuity Income.
Related: whether Nevada taxes pensions, how Nevada taxes retirement income, whether Nevada taxes Roth conversions, and the state-by-state table of 401(k) and IRA withdrawal tax.
Find the right next step for your situation
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Compare vetted advisors for retirement withdrawals
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Before you start, what actually happens. The matching service is run by WiserAdvisor, an independent advisor-matching company. It opens on their site, asks for your ZIP code and a few questions, and matches you with 2 to 3 vetted advisors. It is free to you.
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Price the destination before you decide. The matching service below introduces you to advisers who pay to meet you.
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Answer againSources
- Constitution of the State of Nevada, Article 10, Section 1: https://www.leg.state.nv.us/Const/NvConst.html
Sources: the primary documents linked above, read on October 4, 2026. General information, not tax advice. Your own facts decide the outcome, and a preparer, the plan administrator or the agency itself is the right place to confirm anything consequential.