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April 15, 2024
Question

Is railroad retirement taxable income? Does FRR Acts of 1935 and 1937 apply for current year of 2023

  • April 15, 2024
  • 1 reply
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is railroad retirement taxable income? Does FRR Acts of 1935 and 1937 apply for current year of 2023

1 reply

DawnC
Employee
April 15, 2024

It depends.  Social security benefits that may be taxable to you include monthly retirement, survivor and disability benefits. They don't include supplemental security income (SSI) payments or benefits you received on behalf of a dependent. Tier 1 railroad retirement benefits are the part of benefits that a railroad employee or beneficiary would have been entitled to receive under the social security system.

 

This interview will help you determine whether any of your benefits (and those of your spouse if you're married filing a joint tax return) are taxable.  Click here to start

 

Retirement Taxes

 

What are Forms RRB-1099 and RRB-1099-R?

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