Taxable Amounts

Taxable Amounts

Christmas bonus benefits are taxable income. By January 31 each year, the Fund Office sends retirees and beneficiaries Internal Revenue Service Form 1099-MISC to report bonus benefits received in the previous tax year.

REMINDER: IRS Form 1099-Misc that reports bonus benefits is different from IRS Form 1099R that reports retirement benefits. Both are sent in late January. 

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