Q. I’m a retired letter carrier, CSRS, and paid the Office of Personnel Management $5,000 to buy back my military time, of which $3,000 were interest paid in 2011. Is this interest deductible?
A. No, it isn’t.
Deductible interest?
0
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About Author
Reg Jones
Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.