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Retirement tax questions
In Amy C’s response it indicates that pension income is taxed at the same rate as earned income, however that is not the case for social security income…so I’m wondering why, if uk social security income benefits tie in with us social security benefits, there wouldn’t be similar tax treatment to us social security payments. Specifically at most only 85% of us social security income is taxed, so given the arrangement between uk and us for social security why would more than 85% of the income be taxed? Also, NJ doesn’t tax us social security payments…dies it tax uk social security payments?
would appreciate any clarifications.
April 5, 2025
11:54 AM