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Are continuing monthly survivor allowances taxable?

April 26, 2017allowances Continuing Survivor taxable

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Are continuing monthly survivor allowances taxable?

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Yes. However, you may elect to have federal or California state tax withheld from your survivor allowance at whatever rate you choose. (California income tax is not withheld from your survivor allowance if you reside outside of California.) Or you may elect not to have withholding tax deducted from your survivor allowance. You may designate your tax withholding elections on tax form W-4P/DE-4P, which LACERA will send you. Note: Without a completed tax form W-4P/DE-4P on file, LACERA is required by law to withhold taxes from your allowance as if you were a married person claiming three (3) withholding exemptions.