Q. Can I take the 40 percent loss I take on my Social Security, because of windfall elimination, as a retirement investment loss on my federal income tax?
A. No.
WEP and taxes
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Mike Miles
Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.