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Retirement tax questions
Your wife has only been retired 3 years and this credit comes from money saved July 1, 1987 through December 31, 1989. I don't believe that 6% of her entire retirement contributions would have been during that small time frame. I believe it is 6% annually. Can you check with the Teacher's Retirement System for pay or information?
Perhaps that 2.5 year window divided by her full years of service would give the most accurate picture then multiply that by 6% for her contributions during that period.
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March 11, 2022
1:20 PM