|
Elder
|
|
Join Date: Oct 2006
Location: In a DARK corner.... not looking for a way out.
Posts: 5,526
|
|
Elder
Join Date: Oct 2006
Location: In a DARK corner.... not looking for a way out.
Posts: 5,526
|
Quote:
Originally Posted by Kathi49
Hoosier Daddy,
I just received my "Calculation" Letter (July 10th). And of course, I had to forward that to OPM since I have a pension. Oh, and I will receive my first payment on August 19th. But even so, OPM has to make some adjustments due to the WEP. But not as badly affected as I thought I might be. In any case, this pertains to federal employees.
Anyway, I know you all are speaking of SSI. But I wanted to throw this out there. Did you know that UP TO 85% of your backpay (SSDI) is taxable depending on your income? Found that out after talking to my tax preparer. Read IRS Publication 915 for more info. From what I gather most people who receive a LOT of backpay and have an income higher than $32,000 will spread the backpay over previous years tax returns back to your disability date. Ain't life grand? Anyway, as I said, that pertains to SSDI.
|
What is WEP and OPM???
__________________
My avatar pic is my beautiful niece Ashley! .
Rest in Peace 3/8/90 ~~ 4/2/12
|