Q: Because I’m a retiree who isn’t receiving Social Security benefits, I didn’t get the $250 included in the Economic Stimulus tax credit package. I’ve heard that I can get it when I file my income tax for 2009. How do I do that? A: You’ll need to complete Schedule M and then enter the dollar figure you come up with on line 14 on either line 63 of form 1040, line 40 of form 1040A or line 60 of form 1040NR.
Browsing: retirement taxes
Q: Which states do not tax federal retirement benefits? A: States with no personal income taxes include Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. Those states that exempt the total amount of civil service annuities include Alabama, North Carolina (beginning in 1998 if the individual had five years of creditable government service as of Aug. 12, 1989), Michigan, Illinois, Pennsylvania, New York, Kentucky (only if retired before Jan. 1, 1998), Hawaii, Oregon (not taxed if retired before Oct. 1, 1991; if retired on that date or later, only taxed on the portion earned after that…