Use our W-4 Withholding Calculator or the IRS Tax Withholding Estimator to help fill out your W-4s.
Generally, it’s a good idea to have some amount of tax withheld from a pension (and possibly Social Security) to avoid a big tax bill plus interest and penalties for underpaying tax.
Pensions are taxable and Social Security benefits are partly taxable if one-half of your benefits, plus (2) all of your other income, including tax-exempt interest, is greater than $32,000 if married filing joint.
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