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Personal Finance (Not Investing) • tax planning for WEP/GPO repeal

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Any idea how the 2024 retroactive lump sum benefits will be taxed?
This may not be an issue for tax year 2024 or 2025.
Though SSA is helping some affected beneficiaries now, under SSA's current budget, SSA expects that it could take more than one year to adjust benefits and pay all retroactive benefits.
https://www.ssa.gov/benefits/retirement ... ?tl=2%2C11

Statistics: Posted by VanGar+Goyle — Mon Feb 17, 2025 12:50 am — Replies 4 — Views 292



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