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PSO Deduction
I am a retired police officer and I am trying to see if the up to $3000 is for the supplemental insurance premiums I pay. Below is how the tax form is displayed .
Public Safety Officer
If Joseph is an eligible retired public safety officer, you can exclude up to $3,000 of distributions made from Joseph's eligible retirement plan.
The distributions must be used to pay the premiums for accident, health, or long-term care insurance. The premiums can be for coverage for Joseph, Theresa, or any dependents.
Amount of Joseph's distribution, if any, used for PSO health insurance premiums:
March 3, 2024
5:24 PM