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1199 Pension and Retirement Forms Afp1

1199 Pension and Retirement Forms Afp1

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How do i get my 1199 pension

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Instructions and help about 1199seiu retirement package

with the Advent of 401K plans in recent years the traditional employee retirement pension has fallen out of favor however there are still millions of retirees who still receive one for most of these people their pensions are fully taxable but for some pensioners who made after tax contributions to their pension plans while working some of their monthly payments are not taxable if that's the case for you how do you determine how much of your pension is taxable I'm going to answer that question in this video I'm the tax geek and here are your taxes oversimplified [Music] the first thing to keep in mind is that if you've never contributed after tax dollars to your pension plan all of it is taxable on your 1099-r both boxes 1 and 2A should show the same figure these figures are entered on lines 5A and 5B of your form 1040. if this situation applies to you you needn't watch the rest of the video unless you want to despite The Disappearance of traditio

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