ErnieS0
Expert Alumni

Retirement tax questions

Your pension, annuity, required minimum distributions and possibly part of your Social Security are taxable.

 

You can have income tax withheld from all of those sources of income or you can make periodic payments.

 

Enter your taxable Social Security on Form W-4P Step 2(b)(i) from Form 1040 line 6b.

 

On Step 2(b)(ii) enter the total amount of pension/annuity income from all other pensions and annuities except the one you are filing Form W-4P for.  That will be the total of Form 1040 lines 4b and 5b minus the pension your are working on.

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