That depends on the amount of your pension and the amount of your social security income.
To find out whether any of your benefits may be taxable, compare
the base amount for your filing status with the total of:
- One-half of your SS benefits;
plus
- All of your other income,
including tax-exempt interest.
The base amount for your filing status is:
- $25,000 if you're single,
head of household, or qualifying widow(er),
- $25,000 if you're married
filing separately and lived apart from your spouse for the entire year,
- $32,000 if you're married
filing jointly,
- $0 if you're married filing
separately and lived with your spouse at any time during the tax year.
Example: Base Amount-Single $25,000
Social Security $22,000 x .5 = $11,000
Other Income pension $13,000
Base Amount (25,000) $24,000 compare to $25,000 since less, NO SS is taxable.
The only potentially taxable income would be the Union Pension of $13,000. Filing requirement Single age 65 or older is $11.650.
In this situation there was more pension income $13,000 than the minimum filing requirement. Therefore a retur is required.
