Tax benefits of buyback


Q. What are the tax benefits, if any, for buying back my military time into my FERS? In 2012, I paid close to $11,000 to buy back my military time into my FERS. Now I’m finishing up my 2012 taxes and I’m curious if there is any kind of adjustment/deduction for having shelled out $11,000 toward retirement?

A. No.


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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

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