carmen_t
Employee Tax Expert

Retirement tax questions

Hello Brian and thank you for your question.  Based on this new change you will have annuities/pension income along with social security benefits.  Some or all of your social security benefits may be taxable depending on total income.  The annuities/pension that will be received will count towards calculating income to determine if any or a percentage to potentially all benefits will be added to taxable income.  I will send a tax estimator calculator link with a couple good articles from the social security website and turbo tax to explain the effects.  Hope this answered your question.

 

Refund Estimator 

Social Security Article 

TurboTax Article