Which form relates to Railroad Retirement Benefits?

Railroad Retirement Benefits are specifically reported using Form RRB-1099. This form is provided to individuals who receive benefits under the Railroad Retirement system, which is a federal program that provides retirement and disability benefits to railroad workers and their families.

The form outlines the amount of benefits the recipient received during the tax year, and it informs both the recipient and the IRS about these payments for tax reporting purposes. This is crucial because Railroad Retirement Benefits may be taxed differently compared to regular Social Security benefits, and the RRB-1099 helps ensure that recipients report the appropriate amounts on their tax returns.

Other forms serve different purposes. For example, Form 1040 is the individual income tax return form used to report all types of income, deductions, and tax liability but does not specifically pertain to Railroad Retirement Benefits. Form SSA-1099 is related to Social Security benefits, and Form W-2 is for reporting wages, tips, and other compensation from employment, none of which directly relate to Railroad Retirement Benefits.