Tax free $ from job....What to expect (Nassau: salary, train)

[checking out]

Originally Posted by Avienne

Here we go again...

Go spend half your life in harm's way for the benefit of society. If you survive--you know, you don't get killed in the line of duty--people like me will appreciate what you've done and not complain about taking care of you.

Originally Posted by laxmax

Thank u......bel me i never wanted to turn this into whether or not i deserve the benefits or not just looking for info........ but thanks i do appreciate positive post

Ain't about none of that non-sense.

It's about laxman paying his taxes like the rest of us.

But claim it's something else.

Hey lax,

Who paid the premium for the insurance? Bet it wasn't you.

Pay your taxes.

[Yzette]

Originally Posted by laxmax

Im retired NYPD on 3/4 heart bill.....This is first year i recvd tax free pay and im wondering how it will affect taxes this year....Wife is teacher making 75000 and we have one child. We own in co-op. Does it benefit us on our taxes that i rec tax free salary? Have appt with tax man next week but just curious b4 we go,,,,wat to expect.... Thanks for any info...I appreciate it Laxmax

I don't know about retirement, but I do know that it is an unholy pain in the neck in terms of paperwork for disability if you're out on injury for a defined period of time.

From what I've seen with people I know who have been through it, make sure that you have any paperwork you're supposed to have from the department. Then make sure that what the department gives you is crystal clear, with dates, explanations, and so on. Also don't rely on any local tax advocates to know what they're doing.

And don't be surprised if any refunds you and your wife might be entitled to are held up pending review. Even if the department tells you the paperwork they've given you is correct, the IRS can be particular in what kind of forms it wants to see.

I know someone who filed last March (2009) and is still getting a runaround on a refund. His department (not NYPD) gave him A and the IRS wanted B. So he told his department he needed B and they gave him C. The IRS then said, "No, not C, we want B." And then the "advocate" said C should work if there is no B. Finally someone at the IRS said, "If you don't have B, we still cannot take C, but we can take D," and he had to go back to his department and get D and oy yoy yoy, here it is nearly a year later. He's back on active duty and is about to file this year's return. He will probably get this year's refund before he gets last year's refund, which is supposedly on its way.

But hey, at least they retired you. I know people who have been out for years because the department won't let them go. They can barely move, but maybe the department figures old age will get them before their duty-related injuries will.

[Yzette]

Originally Posted by checking out

Ain't about none of that non-sense.

It's about laxman paying his taxes like the rest of us.

But claim it's something else.

Hey lax,

Who paid the premium for the insurance? Bet it wasn't you.

Pay your taxes.

And unless you know something about civil service benefits, you are talking about things you don't understand.

[laxmax]

Cheking out......What are you talking about? Ive paid my taxes all through the years... Im not saying we are not paying our taxes. The money i get from NYC NYPD is tax free because that is the policey.......Its nothing i asked for or invented. We will be paying our taxes.....You sound really upset and confused. This is not SS disability....Its my Job pension..... I took a job that had a contract and this was in the contract....... I dont know why im wasting my time trying to explain..... I didnt want to go down this road... If u know me im not this type a person...so again sorry if i offended u....and our taxes as a family will be paid..... Have a good day......enjoy the snow

[Yzette]

Originally Posted by laxmax

Cheking out......What are you talking about? Ive paid my taxes all through the years... Im not saying we are not paying our taxes. The money i get from NYC NYPD is tax free because that is the policey.......Its nothing i asked for or invented. We will be paying our taxes.....You sound really upset and confused. This is not SS disability....Its my Job pension..... I took a job that had a contract and this was in the contract....... I dont know why im wasting my time trying to explain..... I didnt want to go down this road... If u know me im not this type a person...so again sorry if i offended u....and our taxes as a family will be paid..... Have a good day......enjoy the snow

Lax, I've been on these boards just about two months, and if there's one thing I've learned, it's that there are always going to be people who a) don't like law enforcement personnel, b) are trolling around just looking for what someone else might be getting that they aren't, instead of worrying about themselves.

Good luck. I hope it all works out for you.

[laxmax]

Thanks.......all the best to u also....

[BigMike50]

LaxMan,

#1.. wrong board to be asking these questions, most will crucify you here. I know your not bragging or anything but most people will see as " I don't have a benefit like that......so you shouldn't also" Outside of the job people don't realize how the procedures work so...........and they can get very passionate on here.

#2..If your out 3/4's it's a wash come tax time even if you are getting SSD. With the wife working it's a different story. It's now a one income home regardless of how much you are getting. If your wife wasn't working you wouldn't even have to file. In all the years you have been getting your taxes done haven't you been going to a tax guy that at least has some knowledge of Police Officers returns?? If not you're losing a lot of deductions...if you haven't you should at least get one this year, just for piece of mind. And if you have been using one, just hand over your paperwork as usual.....nothing they haven't seen or done thousands of times.

#3..If you move out of state everything will remain tax free-status quo.
I thing I seen you talk about insurance before. I also retired also 3/4's and ssd and moved down south (VA). I have GHI also and it's very hard to find DR.'s that take it but I did find a pediatrician that took it and they are only 3 miles away. So the kids are covered and if your out with ssd after two years you will be covered under medicare. They will only cover you..period.
They only reason my wife is working right now is for her benefits.

#4..If you have any questions feel free to direct message me

[laxmax]

Finally...some good info...Thank u so much!! I have pretty good tax guy....going next week... I was just hoping for some info b4 i went in there. hes pretty good with all police stuff.... Again thank u and im sure i will have some more questions for you if u dont mind. we are moving to SC next oct......If we sell our co-op here on LI.... Again ..thank u for ur time Laxmax

[BigMike50]

Anytime......and good luck with your move. I hope it all works out for you...it sure has for me

[OhBeeHave]

Originally Posted by laxmax

Cheking out......What are you talking about? Ive paid my taxes all through the years... Im not saying we are not paying our taxes. The money i get from NYC NYPD is tax free because that is the policey.......Its nothing i asked for or invented. We will be paying our taxes.....You sound really upset and confused. This is not SS disability....Its my Job pension..... I took a job that had a contract and this was in the contract....... I dont know why im wasting my time trying to explain..... I didnt want to go down this road... If u know me im not this type a person...so again sorry if i offended u....and our taxes as a family will be paid..... Have a good day......enjoy the snow

You shouldn't focus your energy on the negative. My dad is Ret NYPD...I understand the concept.

Your tax person will give you the best advise.

Take care of yourself