Tax Form FAQs
Are retirement benefits taxed?
Where can I get help filing my taxes?
Several groups offer free tax preparation assistance to people who meet their qualifications. Read more about two of these programs.
Volunteer Income Tax Assistance (VITA)
VITA offers free income tax preparation for low to moderate income individuals and families. Click the links below to locate resources near you:
- In Fort Worth
- In the DFW area
- If you live outside the DFW area, you can use one of the locator tools hosted on the IRS's website to find services near your zip code.
Tax-Aide offers free tax preparation for low to moderate income taxpayers, with a focus on those who are 50 and older.
- Search for a location near you by zip code or by county.
What is a 1099-R? What do I do with it?
This type of tax form includes information about the distribution of retirement benefits, such as pensions.
This can be distribution of monthly pension payments, an actuarial lump sum distribution, or a DROP payment. If an employee stops working for the city and receives a refund of their contributions with interest, this will also be reported on a 1099-R.
You will use this information when completing your income tax return.
It's possible to receive more than one 1099-R form; use all 1099-R forms that you receive when you are completing your taxes.
This example from an earlier year shows what type of information is included on the form:
I haven't received my 1099-R. What should I do?
Your 1099-R will be placed in the mail by February 1. It can take 7-10 business days after that date to receive your form. If you haven't received it by mid-February, give us a call at 817-632-8900.
1099-Rs are mailed from our bank (which is in Chicago) to the mailing address on file for the Retirement Fund member. Please be sure to keep your mailing address up to date to prevent delay of receiving your 1099-R.
If you have moved, complete a Change of Address form at our "Forms" page. Even if you have already filled out a form at the post office, you still need to also fill out a form for the Fund; they are separate steps.
What is a W-4P? Do I need to fill one out?
The W-4P form (the P is for 'pension') is for specifying an amount to withhold from your pension payments for tax purposes.
If you are still actively working and receiving a paycheck rather than a pension, you would fill out a W-4.
The presentation below gives more detailed information about tax withholding and the W-4P and W-4 forms. Click the "full-screen" symbol to view the presentation more easily.
How can I change the income tax withholding on my monthly retirement pension?