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Publication 721 Tax Guide to U S Civil Service Retirement Benefits Form
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People also ask
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How much can a retired person earn without paying taxes in 2023?
If you are at least 65, unmarried, and receive $15,700 or more in nonexempt income in addition to your Social Security benefits, you typically need to file a federal income tax return (tax year 2023).
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How much of my OPM retirement is taxable?
Your retirement contributions are not taxable, but interest included in the payment is taxable.
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Are CSRS pensions taxable income?
The CSRS or FERS annuity you receive is subject to federal income tax withholding, unless you choose not to have tax withheld.
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What is the average CSRS pension?
The average civilian federal employee who retired in FY2022 was 62.3 years old and had completed 25.1 years of federal service. The average monthly annuity payment to workers who retired under CSRS in FY2022 was $5,447. Workers who retired under FERS received an average monthly annuity of $2,126.
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