New Program for Retired Public Safety Officers
If you are a retired public safety officer, you may be able to
exclude up to $3,000 for qualified health and long-term care insurance
premiums that you have paid from your gross taxable income each
year. To qualify for this federal income tax exclusion, the premiums
must be deducted directly from your retirement benefit. Beginning
in 2009, the Department of Employee Trust Funds will deduct these
premiums from your Wisconsin Retirement System (WRS) monthly annuity
payment. For more information about the public safety officer income
tax exclusion and eligibility to participate in the WRS Retired
Public Safety Officer Insurance Premium Deduction Program see the
following:
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