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Federal Employees Benefits Q &A

Do you have questions about your federal employee CSRS or FERS pension/annuity or federal employee retirement planning? Concerns about your Thrift Savings Plan (TSP) account or what about federal employee pay and leave issues?

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The Q&A forum is moderated by Ed Zurndorfer -- an expert on federal employee benefits -- and a Certified Financial Planner, chartered life underwriter and chartered financial consultant in Maryland.

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Ted23  
#1 Posted : Saturday, August 17, 2019 12:33:26 AM(UTC)
Ted23

Rank: Newbie

Groups: Registered
Joined: 7/17/2019(UTC)
Posts: 2
United States
Location: Pennsylvania

Is federal income tax paid on a FERS annuity before or after the spousal benefit has been deducted?

Example:
Full annuity $20,000
After 10% Spousal benefit $18,000
Which of these is taxed?

I have read there is a formula for not paying tax on the contributions, but I have not been able to find information about which of these figures is taxed.


Ed Zurndorfer  
#2 Posted : Monday, August 19, 2019 9:00:07 AM(UTC)
Ed Zurndorfer

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The net amount of the FERS annuity (Gross annuity loss cost of spousal survivor annuity) is taxable. In your example, The amount of the taxable FERS annuity is $20,000 less $2,000 or $18,000. For information on paying tax on contributions made to the FERS Retirement and Disability Fund, download the FEND publication "Taxation of Federal Retirement Benefits" at https://federalsoup.com/...ts-022819.aspx?tc=page0.
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