- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
As a retiree, my former employer REIMBURSES me the monthly Medicare amount taken from my Soc Sec income and it is added in my pension check monthly.
I am paying income tax on the Medicare reimbursement in my check however,
On the SS worksheet for the 1040, we are told to use the total SocSec paid in 2020 which is the total monthly benefit BEFORE Medicaire is deducted. Therefore, I have been paying taxes on my pension which includes Medicare reimbursement AND paying taxes on amount received from social security for the year.
I am paying twice...We should be able to use social security income total AFTER Medicare premiums were deducted, not pay for the twice
‎January 29, 2021
12:21 PM