|
||||||||||||||||||||||
|
|
|
||||||||||
Wisconsin Annuity News |
||||||||||||||
OTR Issues Advisory on Survivor Benefits
(Washington, DC) The Office of Tax and Revenue (OTR) would like to remind taxpayers that if they are 62 years old, some or all of their pensions, military retirement pay, annuity income, and survivor benefits paid by the District or the federal government are not subject to District income tax. The lesser of the amount received or $3,000.00 in pensions, military retirement pay, and annuity income are not subject to District income tax. Pensions, military retirement pay, and annuity income in excess of $3,000.00 are subject to District income tax. There is no limitation on survivor benefits. All of survivor benefits are exempt from District income tax. If a taxpayer has already filed a District individual income tax return and paid District income tax on the survivor benefits received, they should file an amended return and claim a refund for the District tax paid on the survivor benefits. For a claim to be valid, it must be filed within the later of 3 years from the due date of the return or 3 years from the date the tax was paid. Contact a Wisconsin annuity lawyer today and get a free consultation!
|
Did You Know?
| ||||||
|
|
||||||
|
||||||
|
||||||
Legal Disclaimers
All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Wisconsin Annuity Lawyers.com is not intended to be legal advice, but merely conveys
general information related to legal issues commonly encountered. Your access
to and use of this website is subject to additional Terms
and Conditions.
|
|
Local Professional? Generate new business today Call 866-227-9356 or contact a sales rep |
|
This site is part of the LawFirms.com Network ©2010 ExpertHub, wholly owned subsidiary of MoxyMedia, Inc. |