It depends, if you receive a 1099-R this will need to be reported. However, if the portion of the accidental disability pension that is greater than the basic 60% formula will be reported to the IRS and the State of Iowa as taxable income. This requirement is based upon guidance received from the Internal Revenue System relating to the taxability of pension payments from MFPRSI. You should then receive a form if that applies to you.
See MFPRSI FAQs.
@Ashel56
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