1099-R Forms Are Being Mailed
[Posted on 01/23/2015 at 8:53 AM]
Get it Faster
For immediate access to your 1099-R or if you find you need a replacement copy of your 1099-R, simply login to your secure Member Homepage and you will find it listed under Personal Information and available for you to print.
1099-R forms are in the mail! You will need this important form to file your taxes and will receive it from MOSERS if you are a:
- Member who received retirement benefits
- Survivor or beneficiary who received monthly benefit payments
- Survivor or beneficiary who received a final benefit payment
- Ex-spouse who received a monthly benefit
- Former state employee who received a refund of contributions paid into the system.
Please note that MOSERS does not send W-2 Forms to active state employees - those come from your employer.
Public Pension Exemption
As mentioned in the winter issue of RetireeNews, there is a public pension exemption that can be deducted from your retirement benefit, if you are eligible. Depending on a variety of factors (including, but not limited to, income, filing status, and age) you may be able to deduct a portion of your public retirement benefit on your Missouri tax return, to the extent the amounts are included in your federal adjusted gross income. MOSERS recommends you contact the Department of Revenue or a qualified tax advisor for additional information or answers to your specific questions about the public pension exemption.
Federal Tax Withholding
Please be aware that your MOSERS retirement benefits are subject to federal income tax, and Missouri state income tax, if you reside in Missouri. If you would like to calculate your withholdings, the federal tax calculator on MOSERS’ website has been updated with the new Federal tax rates and allowances. You may change your withholding election at any time during the year by submitting a Substitute W-4P form to MOSERS. You can fill out this PDF of the Substitute W4-P form online, print it and mail it to MOSERS, or you can log on to your secure Member Homepage and submit it electronically. Once you are on your homepage, click on Tax Withholding (on the top menu under Forms) and follow the prompts. The amount of withholdings you elect does not change your tax liability.
Please keep in mind that while MOSERS benefit counselors are happy to answer any questions you may have about your retirement, life insurance, or long-term disability benefits, they are not tax experts and cannot advise you on matters related to state or federal taxes.If you have questions regarding this information, we suggest you contact your tax adviser.
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