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chris032892
February 16, 2021
Question

Is the NYC Variable Supplemental Funds (VSF) aka Police Officers' VSF taxable for Federal purposes; is it included on line 5b of the 1040 form?

  • February 16, 2021
  • 1 reply
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Is the NYC Variable Supplemental Funds (VSF) aka Police Officers' VSF taxable for Federal purposes; is it included on line 5b of the 1040 form?

    1 reply

    DaveF1006
    DaveF1006
    February 16, 2021

    Yes according to NYC.gov, PSOVSF DROP money is taxable in the year it is issued. 

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    C
    chris032892Author
    February 16, 2021

    PSOVSF DROP is an accumulation of PSOVSF after 20 years, the period one is eligible to retire. Is the Police Officers' VSF,  disbursed/distributed yearly, subject to Federal taxes?  

    DaveF1006
    DaveF1006
    February 16, 2021

    Yes, it is taxable because it is federally taxable because it is a supplemental payment made in addition to your pension payments. 

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