By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. My wife and I are both over 62 with income of $130,000: $52,000 from IRA distributions, $25,000 in pension payments, $18,000 of investment income and $35,000 from Social Security. Would we currently qualify for the exclusion and would an additional Roth IRA distribution put that exclusion in jeopardy? — Trying to pay less A. New Jersey has two income exclusions for senior citizens when they file their state income taxes.