Navigating the complex tax rules related to federal retirement benefits can be confusing. This course breaks down the tax implications of distributions from the Civil Service Retirement System (CSRS), Federal Employees Retirement System (FERS), and Thrift Savings Plan (TSP) for retired and disabled federal employees and their survivors.

You'll learn how to calculate the taxable amount of annuity payments using the simplified, general, and three-year rules based on factors like annuity start date. You will also get clarity on exceptions to early withdrawal penalties from TSP plans, learn the special rules related to disability retirement, benefits for survivors, lump-sum payments, etc., and be exposed to valuable techniques for minimizing taxes and maximizing savings on civil service retirement benefits.

After successfully completing this course, students will be able to:

• identify the appropriate tax treatment of distributions to retired civil service employees
• identify the appropriate tax treatment of distributions to survivors of civil service retirees and employees
• identify the appropriate tax treatment of distributions to disabled civil service retirees

Tax Year: 2023