FABF Website Admin / Sunday, February 1, 2026 / Categories: News & Events HELPS Federal Tax Break for Retired Fire and Paramedics Retired fire and EMS personnel may reduce their taxable income by up to $3,000 for qualifying medical, accident, or long‑term care insurance premiums paid during the year. This tax benefit is available under the Healthcare Enhancement for Local Public Safety Retirees (HELPS) Act. Following the 2022 Secure 2.0 legislation, premiums no longer need to be deducted directly from the pension payment to qualify. Premiums paid directly by the annuitant are eligible. This reduction does not appear on the annual 1099‑R Tax Statement. Retirees must claim it on their personal Form 1040. Retirees are encouraged to consult a tax advisor. The FABF cannot provide tax or legal advice regarding premium deductibility. Tier II Wage Caps Effective for 2026 1099R Distribution Completed Print 41