See the link below. Retired Public Safety Officers can exclude up to $3,000 of their retirement income, if the money was used towards health or long-term care insurance premiums.
See the screenshots below.
Up to $3000 of that amount is excludable from income.
See the link below. Retired Public Safety Officers can exclude up to $3,000 of their retirement income, if the money was used towards health or long-term care insurance premiums.
See the screenshots below.
Up to $3000 of that amount is excludable from income.
but after it asks for the amount it starts a loop and wants you to say you either took that money and rolled it back over or you cashed out ? you didn't it went straight from admin of your pension to your health insurance so what answer makes the program include the exclusion??
As you go through the screen for the 1099-R it comes to a question
Did the Pension Administrator Pay for Health Insurance? Yes
When you answer the question yes then the next screen asks the amount that was paid for health insurance.
Then the program will exclude up to $3,000 from your taxable income.