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OTR Issues Advisory on Survivor Benefits

 (Washington, DC) The Office of Tax and Revenue (OTR) would like to remind taxpayers that if they are 62 years old, some or all of their pensions, military retirement pay, annuity income, and survivor benefits paid by the District or the federal government are not subject to District income tax. The lesser of the amount received or $3,000.00 in pensions, military retirement pay, and annuity income are not subject to District income tax. Pensions, military retirement pay, and annuity income in excess of $3,000.00 are subject to District income tax. There is no limitation on survivor benefits. All of survivor benefits are exempt from District income tax.

If a taxpayer has already filed a District individual income tax return and paid District income tax on the survivor benefits received, they should file an amended return and claim a refund for the District tax paid on the survivor benefits. For a claim to be valid, it must be filed within the later of 3 years from the due date of the return or 3 years from the date the tax was paid.

Contact our Pennsylvania Annuity specialists


If you live in the following cities and need annuity advice, you should contact our Pennsylvania Annuity specialists as soon as possible:

  • Aliquippa
  • Allentown
  • Bensalem
  • Bethlehem
  • Butler
  • Carlisle
  • Chambersburg
  • Chester
  • Coatesville
  • Coraopolis
  • Downingtown
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  • East Stroudsburg
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  • Greensburg
  • Hanover
  • Havertown
  • Hazleton
  • Irwin
  • Lancaster
  • Lansdale
  • Lebanon
  • Lititz
  • Media
  • Morrisville
  • New Castle
  • New Kensington
  • Norristown
  • Philadelphia
  • Pittsburgh
  • Pottstown
  • Southampton
  • State College
  • Uniontown
  • Upper Darby
  • Warminster
  • Washington
  • West Chester
  • Wilkes Barre
  • Williamsport
  • York
       
 
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Latest News
  Latest Annuity news in Pennsylvania and nationwide:

Jun 28, 2006 - Finetre Launches AnnuityTrak Report
Finetre Launches AnnuityTrak Report, Provides Window Into Annuity Sales Trends

HERNDON, Va.--(BU...

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Mar 24, 2006 - Equity-Indexed Annuities
An equity-indexed annuity is a special type of contract between you and an insurance company. During the accumulation peri...
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Dec 06, 2005 - Income Annuity Rate
Fixed AnnuitiesFixed annuities earn a guaranteed rate of interest for a specific time period, such a...
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