Re: ? Re Roth IRA Eligibility and Disability Income

Hello, Arthur!
You wrote on Wed, 26 Oct 2005 19:45:37 +0000 (UTC):

AK> The rule is this: if your taxable disability pension is paid to
AK> you before the earliest date established by your employer for you
AK> to receive a nondisability pension, then the income is reported on
AK> Line 7 and not line 16.

AK> Do not assume consumer software has produced the correct result.

No, I'm not assuming my software is always correct. (I'm a computer
professional, so I definitely have no delusions about the fallibility of
hardware and software!) :-)

Anyway, is my disability income considered a pension? I don't mean to be a
dunce, but my employer has no "pension" per se. All we have is our 403b
accounts, which is probably why they match at 200%. My not having
entertained the possibility that my disability income might be considered to
be a pension, is why it never occurred to me that the income should be
reported on line 16. That's why I was thinking it should go on line 21....

And that brings me to another question. My software asks if I were "totally
and permanently disabled for any part of 2005." It's my understanding that
how I answer this question determines whether that "Taxpayer was disabled"
box under "disability status" gets checked. When I read the tax
instructions, it sounds like I should check the box (yes). It really
doesn't matter, however, as I don't qualify for the deduction. At least not
this year, from my rough guestimations. But I want to make sure I get this
right. So I ask again.... Is there a tax publication on the subject?
Guess I should dig around on the IRS web site some more....

Regards, Margaret


.

Relevant Pages

  • Re: ? Re Roth IRA Eligibility and Disability Income
    ... > a dunce, but my employer has no "pension" per se. ... > entertained the possibility that my disability income might be considered ...
    (misc.taxes)
  • Re: OT:Help Wanted Ads Go Unanswered in West
    ... bill horne wrote: ... The GI bill, the retirement bennies, PX ... You can write your Congresscritter of either party and tell them to correct the fact that retired veterans with a disability have the disability pay taken from their pensions and handed over to the VA. ... My VA disability is taken right out of my pension check and I'm sure the same is true of his. ...
    (rec.outdoors.rv-travel)
  • Re: OT:Help Wanted Ads Go Unanswered in West
    ... bill horne wrote: ... You can write your Congresscritter of either party and tell them to correct the fact that retired veterans with a disability have the disability pay taken from their pensions and handed over to the VA. ... My VA disability is taken right out of my pension check and I'm sure the same is true of his. ... They seemed pissed because I didn't make my own claim, they got the request for disability from the doctor who gave me my retirement physical. ...
    (rec.outdoors.rv-travel)
  • Re: OT:Help Wanted Ads Go Unanswered in West
    ... Theory don't mean squat if it don't work. ... The GI bill, the retirement bennies, PX ... You can write your Congresscritter of either party and tell them to correct the fact that retired veterans with a disability have the disability pay taken from their pensions and handed over to the VA. ... My VA disability is taken right out of my pension check and I'm sure the same is true of his. ...
    (rec.outdoors.rv-travel)
  • Re: OT:Help Wanted Ads Go Unanswered in West
    ... Theory don't mean squat if it don't work. ... The GI bill, the retirement bennies, PX ... You can write your Congresscritter of either party and tell them to correct the fact that retired veterans with a disability have the disability pay taken from their pensions and handed over to the VA. ... My VA disability is taken right out of my pension check and I'm sure the same is true of his. ...
    (rec.outdoors.rv-travel)