"Mixed Signals"
Facts and Specifics: 1. DFAS ltr dated 01/02/2014 announcing CRDP/CRSC Annual Open Season Election states, in part: "Please note that CRDP is taxed in the same manner as your retired pay and is...
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1. CRDP is a restoration of retired pay; therefore, it is retired pay by another name. It is paid by DFAS and is reflected only on the second page of the RAS. It is not broken out on the first page....
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CRDP can be tax free if the retirement it restores is tax free. Retirement pay is tax free if retired for disability and the disability is combat related or if retired for disability and you were...
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Good point that I overlooked. However, he had 20 years active duty and did not receive a VA rating until ~18 years post retirement. I suspect he did not receive a DOD disability retirement. Ron
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Ron91 wrote: ..... Your 1099R will reflect the combination of regular retired pay and CRDP...it is not broken out since they are both miliary retired pay. CRDP and regular mil ret pay are taxable....
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Re: "So, I ask again: if my CRDP is 'taxable' then why is no tax withheld from my "CRDP"?"1. The funds for "does not include the amounts paid to me under "US TREASURY 310 XXVA BENEF PPD ID" are...
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"Further, the amount shown on the 1099-R under Gross Distribution is exactly the same amount as the total of deposits to my bank account shown on my bank statements under the Description...
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Ok, Ron, help me understand this: My RAS states my Gross Pay and Taxable Income is $1,493.00. My net pay is $1,428.34. According to the calculations provided by DFAS, if I were not eligible to receive...
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You are welcome. Who at DFAS says this? "According to the calculations provided by DFAS, if I were not eligible to receive either CRDP or CRSC, my gross pay and taxable income would (still) be...
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Reference: 1. "My first deposits to my bank account for 2014 show two deposits on the same day (01-31-2014), one from DFAS for $1,428.34 (my net pay) and one from the VA for $822.15 (referred to...
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nickfuhs wrote: Who at DFAS says this? "According to the calculations provided by DFAS, if I were not eligible to receive either CRDP or CRSC, my gross pay and taxable income would (still) be...
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JohnW wrote:nickfuhs wrote: Who at DFAS says this? "According to the calculations provided by DFAS, if I were not eligible to receive either CRDP or CRSC, my gross pay and taxable income would (still)...
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JohnW wrote:nickfuhs wrote: Who at DFAS says this? "According to the calculations provided by DFAS, if I were not eligible to receive either CRDP or CRSC, my gross pay and taxable income would (still)...
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Thanks, Ron and Nick. The bottom line is: "My 1099-R is correct." And I need not concern myself that a serious mistake has been made and I should be constantly looking over my shoulder fearing a...
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Reference: "Just one final question: the 'open season' letter from DFAS offers me a choice between CRDP in the amount of $822.15 which is taxable or CRSC in the amount of $577.54 which is...
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Thanks for all your patient explanations! I shall now retreat to rejoin the befuddled masses yearning to be free of what now appears to be a trivial concern. :smile: - John
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I am glad we could help. CRDP and CRSC (and their association with waived retired pay) can be confusing.Ron
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I was just going to ask a tax question when I stumbled upon this thread. My husband's RAS says Taxable income 4155 (ytd) federal tax withheld says .00 anyone care to explain to the dingy blonde why...
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Lnsdq160 wrote:I was just going to ask a tax question when I stumbled upon this thread. My husband's RAS says Taxable income 4155 (ytd) federal tax withheld says .00 anyone care to explain to the...
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