Idaho Qualified Retirement Benefits
You may have questions when you get to the screen Are you a retired civil service, fireman or policeman? while preparing your TurboTax 2010 Idaho return.
We've provided additional information about this deduction below.
Line 8 Retirement Benefits Deduction for Qualified Retirement Benefits
If you are age 65 or older, or if you are disabled and age 62 or older, you may be able to deduct some of the retirement benefits and annuities you receive on your 2010 Idaho return. You can't claim this deduction if you file married filing separate.
Only the following are qualified retirement benefits:
Civil Service Employees: Retirement annuities paid by the United States of America Civil Service Retirement System (CSRS) to a retired civil service employee or the widow, who has not remarried, of the employee if the recipient is age 65 or older, or disabled and age 62 or older.
To qualify for the deduction, the employee must have established eligibility before 1984. Retirement annuities paid to a retired federal employee under the Federal Employees Retirement System (FERS) don't qualify for the deduction.
If you received a CSA-1099, you can tell if your benefits are paid under the CSRS or FERS by looking at the first digit of the account number shown on your CSA-1099. If the first digit of the account number is 7 or 8, the benefits are paid out of FERS and do not qualify. If the first digit is 0, 1, 2, 3, or 4, the benefits are paid out of CSRS.
Idaho Firemen: Retirement benefits paid by the Public Employee Retirement System of Idaho (PERSI) relating to the Firemen’s Retirement Fund to a retired fireman or the un-remarried widow of a retired fireman if the recipient is age 65 or older, or disabled and age 62 or older. Benefits paid out of the PERSI Base Plan don't qualify for the deduction.
Policemen of an Idaho city: Retirement benefits paid from the policemen’s retirement fund of a city within Idaho to a retired policeman or the un-remarried widow of a retired policeman if the recipient is age 65 or older, or disabled and age 62 or older. For example, benefits paid out of the city police retirement funds for the cities of Coeur d'Alene, Lewiston, and Pocatello may qualify for the deduction.
Similarly, benefits paid by PERSI relating to the old Idaho Falls policeman's retirement fund may qualify for the deduction. Benefits paid out of the PERSI Base Plan don't qualify for the deduction.
Servicemen: Retirement benefits paid by the United States to a retired member of the U.S. military or the un-remarried widow of such member if the recipient is age 65 or older, or disabled and age 62 or older.
