- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Try using the Taxcaster tool. It is still for 2023, but it will give you a close idea. You say tax will be withheld from the pension but we do not know how much. And we do not know your ages, so we do not know what your standard deduction will be. If either of you is 65 or older, it is higher. When your pension income is combined with the retirement account distributions, it all adds together, so the amounts withheld are reconciled with your tax liability to determine how much additional tax you owe or if you get a refund.
https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎April 21, 2024
6:44 AM