26 USC 139C - Certain disability-related first responder retirement payments

U.S Code last checked for updates: Nov 22, 2024

§ 139C.

Certain disability-related first responder retirement payments

(a)

In general

(b)

Qualified first responder retirement payments

For purposes of this section, the term “qualified first responder retirement payments” means, with respect to any taxable year, any pension or annuity which but for this section would be includible in gross income for such taxable year and which is received—

(1)

from a plan described in clause (iii), (iv), (v), or (vi) of section 402(c)(8)(B), and

(2)

in connection with such individual’s qualified first responder service.

(c)

Annualized excludable disability amount

For purposes of this section—

(1)

In general

(2)

Service-connected excludable disability amount

The term “service-connected excludable disability amount” means periodic payments received by an individual which—

(A)

are not includible in such individual’s gross income under section 104(a)(1),

(B)

are received in connection with such individual’s qualified first responder service, and

(C)

terminate when such individual attains retirement age.

(3)

Special rule for partial-year payments

(d)

Qualified first responder service

(Added Pub. L. 117–328, div. T, title III, § 309(a), Dec. 29, 2022, 136 Stat. 5345.)

cite as: 26 USC 139C