Tax on monies paid in by annuitant

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Q. What is the percentage on your pension that is non-taxable and for how long after your retirement date?

A. It depends on your age and, if a survivor annuity  is elected, the age of your spouse. To learn what that would mean in your case, you’ll need to read IRS Publication 721, which you’ll find at http://www.irs.gov/publications/p721/index.html.

 

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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