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Retirement tax questions
Yes, most teacher retirement plans are funded with pre-tax payroll deductions, so there were no after-tax contributions (so no plan cost). Be sure to choose the 'Source' of the distribution correctly in the follow-up questions. If a City/State/County, etc. retirement fund, it may not be taxable in your state.
Here's more info on Tax Tips for Retirement.
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March 15, 2025
7:32 PM
669 Views