Partly Taxable Pensions

Property Payroll deduction Partly Taxable Pensions Prepaid Interest Principal Payments Production Taxes Proprietor Personal and Dependent Exemptions Portfolio Income Public assistance Principal Place of Business Personal Income Tax Permanent and Total Disability Passive Income Partnership Pension Patent Penalties Penalty for Underpayment of Estimated Tax Pension/Annuity Starting Date Percentage Depletion Pensions Principal Residence Personal-Use Property Physical Custody Personal Expenses Personal Property Personal Property Tax Prepaid Expenses Proprietorship Points

Definition of Partly Taxable Pensions:

Partially taxable pensions are those that have received both pre-tax and after-tax contributions. In this case, you are only taxed on the pre-tax contributions since the after-tax contributions are seen as your investment. Once your original investment is repaid, however, your pension is fully taxable.