Tax Information for Retirees

If you are receiving a retirement check from the state of Missouri are you required to claim it on your state tax income tax return as income?

Yes, you are required to claim your MOSERS benefits on your state taxes if you are a Missouri resident. (If you are not a Missouri resident, contact your state department of revenue or a qualified tax advisor for the answer to this question.) Below is some additional information that MOSERS retirees often need when filing their taxes:

1.      MOSERS is a public defined benefit (DB) pension plan and the benefit you receive through MOSERS is considered a “public pension”.

2.      MOSERS withholds state taxes only for Missouri residents.

3.      As long as you reside in Missouri, your retirement benefits are subject to Missouri state income tax and federal tax. However, you may qualify for the Public Pension Exemption on your Missouri state tax return.

4.      We have mailed 1099-R tax forms to all retirees/benefit recipients, which you can read more about in the current Fall/Winter 2018 issue of RetireeNews.

5.      See “Understanding Your 1099-R” for additional information.