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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 Michigan Annuity specialists


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

  • Adrian
  • Ann Arbor
  • Battle Creek
  • Bay City
  • Belleville
  • Canton
  • Clinton Township
  • Dearborn
  • Dearborn Heights
  • Detroit
  • East Lansing
  • Flint
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  • Howell
  • Jackson
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  • Livonia
  • Macomb
  • Mount Pleasant
  • Muskegon
  • Niles
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  • Plymouth
  • Port Huron
  • Redford
  • Rochester
  • Roseville
  • Saginaw
  • Sterling Heights
  • Taylor
  • Traverse City
  • Trenton
  • Troy
  • Warren
  • Westland
  • Wyandotte
  • Ypsilanti
       
 
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Latest News
  Latest Annuity news in Michigan and nationwide:

Jan 19, 2006 - Met life New York Offers Redesigned Policies For Long Term Care
New York, January 17, 2006 – MetLife is the first carrier to offer redesigned New York State Partnership for Long-Term-Car...
Read more >


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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Nov 01, 2004 - California Leads Securities Regulators Crackdown on Promissory Note Fraud
Since the sweep began in July of 1999, California regulators have also taken enforcement action agai...
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