Αποτελέσματα Αναζήτησης
This brochure provides general information about the income tax liability on your Wisconsin Retirement System benefits. The tax treatment of WRS benefits is generally similar for federal and Wisconsin income tax purposes. Your WRS benefit is not subject to Social Security or Medicare taxes.
This calculator can be used to determine how you would like to withhold taxes from your benefit payment for federal and ⁄ or State of Wisconsin taxes. There are separate forms to elect state and federal tax withholding.
1 Ιουλ 1990 · This WRS Retirement Benefits Calculator is a tool that can give you an unofficial estimate of your benefit as you plan for retirement. 6-12 months before you plan to apply for benefits, request an official estimate.
The following resources provide information about taxes that affect your retirement and health benefits. Information includes what types of forms you will receive and general information about how it applies to your benefits. If you need more specific tax information, contact the IRS or your professional tax advisor.
Only benefits based on qualified membership in the specified local, state, and federal retirement systems are exempt. Any portion of your retirement benefit based on membership in other retirement systems is taxable. The following formula may be used to determine the exempt portion that you may subtract.
1) enter your projected age 62 monthly Social Security benefit amount; or 2) leave it blank and complete the three highest years of earnings and related service fields below, and we will use a projected age-62 Social Security benefit amount from our WRS actuary.
If you retire under age 62, you will be eligible for an Accelerated Payment, which provides a higher monthly annuity until age 62. At age 62, the WRS annuity decreases by the anticipated monthly amount payable from Social Security. Use the Accelerated Payment Cost Calculator to estimate the cost.
