2023 Federal Tax Information

Nov 15, 2022

NHRS is providing this general information as a courtesy to our retirees. If you have additional tax questions, you should consult with the IRS or your tax advisor. The retirement system cannot provide advice regarding federal income tax issues.

1099-R forms

2022 Form 1099-Rs are available on My Account and have been mailed to all retirees and beneficiaries.

If you do not receive your 2022 1099-R in the mail by February 15, 2023, please contact NHRS at 603-410-3500, Press 2. Our office hours are Monday through Friday, 8 a.m. to 4 p.m. 

A Form 1099-R is an IRS form that reports a taxpayer's distributions from pensions and/or other retirement plans. Form 1099-R reports the gross distribution, any taxable amount applicable to that gross distribution, and any portion of federal income that was withheld, as well as other tax information. 

NHRS mails the 1099-R to the current address on file.

Questions about insurance premiums

As a result of IRS reporting requirements tied to the Affordable Care Act, NHRS receives a number of tax-related inquiries from retirees looking for the amount of insurance premiums withheld from their pension benefits. This information is not reported on IRS Form 1099-R.

NHRS advises retirees to contact their former employer or third-party administrator (TPA) (i.e. HealthTrust, SchoolCare, etc.) to confirm the amount paid for health insurance for 2022. The amount shown on NHRS earnings statements available online may not be accurate if there were any premium adjustments made directly between the retiree and the former employer or TPA during the year.

IRS-Required Changes to Form W-4P

To match individuals’ withholding instructions to changes in tax law, the IRS has redesigned tax withholding forms for monthly pensions. Current NHRS retirees and beneficiaries who do not wish to make changes to their federal tax withholding elections are not required to file a new form. Read More.