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Tag: "Internal Revenue"

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Pension Payments Receive Tax Exemption

Pension Payments Receive Tax Exemption

Laguna Beach’s firefighters will for the first time pay out of their own pocket for a portion of monthly pension contributions, but their share will be tax exempt. Although not required by law, the City Council adopted a section of the Internal Revenue code Tuesday that allows a pre-tax deduction for firefighters now contributing to […]