How does the HELPS provision for Retired Public Safety Officers benefit me?
The federal HELPS provision allows retired or permanently disabled public safety officers to elect an amount to be deducted from their TMRS benefit payment on a pre-tax basis to pay for health care or long-term care insurance premiums. If you qualify, the amount you may exclude from taxable income on your tax return may not exceed $3,000 in one year.
Related Questions
- Both my spouse and I are eligible retired Public Safety Officers. Can we exclude up to $3,000 from each of our LACERA retirement funds?
- Do public safety officers or firefighters have to be members of the 100 Club in order to receive a benefit?
- How does the HELPS provision for Retired Public Safety Officers benefit me?
