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BenefitsLink > Q&A Columns >

Stop, Look & Listen: Railroad Retirement Benefits Q&A

Answers are provided by Robert S. Kaufman

Deductions for Excess Earnings and Taxation

(Posted December 20, 2004)

Question 535: Does a retiree pay taxes on the amount the Railroad Retirement Board (RRB) deducts from Tier 2 for excess earnings?

Answer: You should pay taxes only on the amount of Tier 2 payments that you receive in each year.

The RRB should send you Forms 1099 each January with the totals of Tier 1 and Tier 2 benefits paid to you during the preceeding year. Follow those reports in completing your federal income tax forms.


Important notice:

Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.

The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.


Copyright 1997-2017 Robert S. Kaufman
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