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Senior taxes Publication 575 - Introductory Material Table of Contents What's New Reminders IntroductionThe General Rule. Senior taxes Individual retirement arrangements (IRAs). Senior taxes Civil service retirement benefits. Senior taxes Social security and equivalent tier 1 railroad retirement benefits. Senior taxes Tax-sheltered annuity plans (403(b) plans). Senior taxes Ordering forms and publications. Senior taxes Tax questions. Senior taxes Useful Items - You may want to see: What's New For purposes of the net investment income tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 408, 408A, or 457(b) plans). Senior taxes However, these distributions are taken into account when determining the modified adjusted gross income threshold. Senior taxes Distributions from a nonqualified retirement plan are included in net investment income. Senior taxes See Form 8960, Net Investment Income Tax - Individuals, Estates, and Trusts, and its instructions for more information. Senior taxes Reminders Future developments. Senior taxes  For the latest information about developments related to Publication 575, such as legislation enacted after it was published, go to www. Senior taxes irs. Senior taxes gov/pub575. Senior taxes In-plan Roth rollovers. Senior taxes   Starting in 2013, the American Taxpayer Relief Act of 2012 expanded the rules for in-plan Roth rollovers to include more taxpayers. Senior taxes For more information, see In-plan Roth rollovers under Rollovers, discussed later. Senior taxes Photographs of missing children. Senior taxes  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Senior taxes Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Senior taxes You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Senior taxes Introduction This publication discusses the tax treatment of distributions you receive from pension and annuity plans and also shows you how to report the income on your federal income tax return. Senior taxes How these distributions are taxed depends on whether they are periodic payments (amounts received as an annuity) that are paid at regular intervals over several years or nonperiodic payments (amounts not received as an annuity). Senior taxes What is covered in this publication?   This publication contains information that you need to understand the following topics. Senior taxes How to figure the tax-free part of periodic payments under a pension or annuity plan, including using a simple worksheet for payments under a qualified plan. Senior taxes How to figure the tax-free part of nonperiodic payments from qualified and nonqualified plans, and how to use the optional methods to figure the tax on lump-sum distributions from pension, stock bonus, and profit-sharing plans. Senior taxes How to roll over certain distributions from a retirement plan into another retirement plan or IRA. Senior taxes How to report disability payments, and how beneficiaries and survivors of employees and retirees must report benefits paid to them. Senior taxes How to report railroad retirement benefits. Senior taxes When additional taxes on certain distributions may apply (including the tax on early distributions and the tax on excess accumulation). Senior taxes For additional information on how to report pension or annuity payments on your federal income tax return, be sure to review the instructions on the back of Copies B, C, and 2 of the Form 1099-R that you received and the instructions for Form 1040, lines 16a and 16b (Form 1040A, lines 12a and 12b or Form 1040NR, lines 17a and 17b). Senior taxes A “corrected” Form 1099-R replaces the corresponding original Form 1099-R if the original Form 1099-R contained an error. Senior taxes Make sure you use the amounts shown on the corrected Form 1099-R when reporting information on your tax return. Senior taxes What is not covered in this publication?   The following topics are not discussed in this publication. Senior taxes The General Rule. Senior taxes   This is the method generally used to determine the tax treatment of pension and annuity income from nonqualified plans (including commercial annuities). Senior taxes For a qualified plan, you generally cannot use the General Rule unless your annuity starting date is before November 19, 1996. Senior taxes Although this publication will help you determine whether you can use the General Rule, it will not help you use it to determine the tax treatment of your pension or annuity income. Senior taxes For that and other information on the General Rule, see Publication 939, General Rule for Pensions and Annuities. Senior taxes Individual retirement arrangements (IRAs). Senior taxes   Information on the tax treatment of amounts you receive from an IRA is in Publication 590, Individual Retirement Arrangements (IRAs). Senior taxes Civil service retirement benefits. Senior taxes   If you are retired from the federal government (regular, phased, or disability retirement) or are the survivor or beneficiary of a federal employee or retiree who died, get Publication 721, Tax Guide to U. Senior taxes S. Senior taxes Civil Service Retirement Benefits. Senior taxes Publication 721 covers the tax treatment of federal retirement benefits, primarily those paid under the Civil Service Retirement System (CSRS) or the Federal Employees' Retirement System (FERS). Senior taxes It also covers benefits paid from the Thrift Savings Plan (TSP). Senior taxes Social security and equivalent tier 1 railroad retirement benefits. Senior taxes   For information about the tax treatment of these benefits, see Publication 915, Social Security and Equivalent Railroad Retirement Benefits. Senior taxes However, this publication (575) covers the tax treatment of the non-social security equivalent benefit portion of tier 1 railroad retirement benefits, tier 2 benefits, vested dual benefits, and supplemental annuity benefits paid by the U. Senior taxes S. Senior taxes Railroad Retirement Board. Senior taxes Tax-sheltered annuity plans (403(b) plans). Senior taxes   If you work for a public school or certain tax-exempt organizations, you may be eligible to participate in a 403(b) retirement plan offered by your employer. Senior taxes Although this publication covers the treatment of benefits under 403(b) plans and discusses in-plan Roth rollovers from 403(b) plans to designated Roth accounts, it does not cover other tax provisions that apply to these plans. Senior taxes For that and other information on 403(b) plans, see Publication 571, Tax-Sheltered Annuity Plans (403(b) Plans) For Employees of Public Schools and Certain Tax-Exempt Organizations. Senior taxes Comments and suggestions. Senior taxes   We welcome your comments about this publication and your suggestions for future editions. Senior taxes   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Senior taxes NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Senior taxes Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Senior taxes   You can send your comments from www. Senior taxes irs. Senior taxes gov/formspubs/. Senior taxes Click on “More Information” and then on “Comment on Tax Forms and Publications. Senior taxes ”   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Senior taxes Ordering forms and publications. Senior taxes   Visit www. Senior taxes irs. Senior taxes gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Senior taxes Internal Revenue Service 1201 N. Senior taxes Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Senior taxes   If you have a tax question, check the information available on IRS. Senior taxes gov or call 1-800-829-1040. Senior taxes We cannot answer tax questions sent to either of the above addresses. Senior taxes Useful Items - You may want to see: Publication 524 Credit for the Elderly or the Disabled 525 Taxable and Nontaxable Income 560 Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans) 571 Tax-Sheltered Annuity Plans (403(b) Plans) For Employees of Public Schools and Certain Tax-Exempt Organizations 590 Individual Retirement Arrangements (IRAs) 721 Tax Guide to U. Senior taxes S. Senior taxes Civil Service Retirement Benefits 915 Social Security and Equivalent Railroad Retirement Benefits 939 General Rule for Pensions and Annuities Form (and Instructions) W-4P Withholding Certificate for Pension or Annuity Payments 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Senior taxes 4972 Tax on Lump-Sum Distributions 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts See How To Get Tax Help near the end of this publication for information about getting publications and forms. Senior taxes Prev  Up  Next   Home   More Online Publications