Hal_Al
Level 15

Retirement tax questions

You are correct, you do not pay tax on any on any of that income. You are not even required to  file a tax return, unless you need to get a refund on any mistaken withholding.

Your understanding, of the situation, is essentially correct, but not exactly (taxes are complicated and convoluted).

Social security  becomes taxable when your income, including 1/2 your social security, reaches:

Married Filing Jointly(MFJ): $32,000

Single or head of household: $25,000

Married Filing Separately and lived with your spouse at any time during the tax year: $0

So, half of $30,000 is 15,000. $15,000 + 6500 = 21,500 and that is less than $25,000; so none (0%) of your SS is taxable. So, 0 taxable SS + $6500 taxable pension is less than the $12,000 ($13,300 if over age 64) filing threshold; so you don't need to file.


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