Thread: PBGC benefits
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Old 02-28-2020 | 05:58 AM
  #7  
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Originally Posted by jtbost
I’m a newly retired United pilot and started drawing my PBGC benefit this year. On the 1099, the PBGC checks the box that “the taxable amount not determined.” My tax software doesn’t have a clue and I can’t find anything conclusive on the IRS site. Are you guys showing all of your payments as taxable? I suspect that’s the answer. Thanks, Jeff

taxable federal and most states

some states do not tax pension payments
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