Does Form RRB-1099-R show the taxable amount of any contributory railroad retirement benefits or just the total amount of such benefits paid during the tax year?
Since 1993 (tax year 1992), Form RRB-1099-R shows the total amount of any contributory railroad retirement benefits (NSSEB and tier II) paid during the tax year. The RRB does not calculate the taxable amounts. It is up to the annuitant to determine the taxable and nontaxable (tax-free) amounts of the contributory amount paid using the employee contributions amount.
- I am filing my income taxes and I need the Form 1099G showing the amount of benefits paid and the amount of withholding tax which was forwarded to the IRS. How do I obtain this document?
- For tax year 2009, the first $2,400 in unemployment benefits was not taxable by the Federal Government. Does this rule apply for the 2010 tax year too?
- Are railroad retirement and railroad unemployment and sickness benefits paid by the Board subject to State income taxes?