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Question

Partial PSO deductions

1 reply
293 views

Partial PSO deductions. During TY 2025, my retirement plan paid $850 directly to LTC company. However, mid-year the LTC company's new policy requires direct payment from me. How do I qualify my direct payments as PSO payments on my tax form?

Alumni - Intuit

According to the IRS, "If you are a retired public safety officer, amounts excluded from gross income, not to exceed $3,000, if the amounts (1) were paid by your retirement plan directly to the insurer for qualified health insurance premiums or (2) were received by you from that retirement plan and used to pay those premiums". Your direct payments are qualified as PSO payments.

IRS Instructions for Form 7206

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