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federal Pension Protection Act - PSO

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  • federal Pension Protection Act - PSO

    A tax reminder: If you’re a retired public safety officer, the federal Pension Protection Act of 2006 (PPA) permits you to exclude up to $3,000 of your qualified health, accident and long-term care insurance premiums from your gross taxable income each year, as long as the premiums are deducted from your retirement benefit. (IRS publication 575, the section titled: "Insurance Premiums for retired public safety officers" (pp.5-6). http://www.irs.gov/pub/irs-pdf/p575.pdf

    I hope retired members find this info useful...

  • #2
    For retired Feds, check IRS Publication 721.
    I’ll die with blue in my veins.

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