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Retirement tax questions
@reginarberg - A yes only allows a PSO to deduct up to $3,000 to pay the PSO's health insurance if the insurance was paid by the plan. If you are not the PSO then you cannot deduct it and the plan should not have paid it anyway after death so the answer is probably immaterial.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/p721.pdf">https://www.irs.gov/pub/irs-pdf/p721.pdf</a> page 18.
Distributions Used To Pay Insurance Premiums for Public Safety Officers
<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/p721.pdf">https://www.irs.gov/pub/irs-pdf/p721.pdf</a> page 18.
Distributions Used To Pay Insurance Premiums for Public Safety Officers
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 4, 2019
12:05 PM