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BenefitsLink > Q&A Columns >

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

Answers are provided by Robert S. Kaufman

Questions About Taxation of Railroad Retirement Benefits

(Posted October 12, 2000)

Question 66: I retired in August 2000 and now I have to calculate the part of my railroad retirement benefit that is based on my own contributions. I plan to use the "Simplified General Rule," but I have some questions about filling out the IRS worksheet. Can you help?

Answer: Taxation of railroad retirement benefits is probably one of the more complex issues in applying the federal income tax laws to retirement payments. The best places to get the most authoritative information are the RRB and the IRS. Because your question is about how to fill complete an IRS worksheet, I suggest you start with the IRS.

By the way, you are starting early and without all of the information. You will need the 1099 information that the RRB will send you in January 2001 before you can finish the worksheet on the Simplified General Rule. That information will include the amount of railroad retirement payroll taxes you paid during your railroad career.

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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