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Pension used to determine what amount of social security to tax
Hello, I'm doing taxes for an 86 year old lady who had $14,000 in pension distributions (code 7) and that $14k was added to half her social security and caused $2000 of her social security to be taxed. Everything I read says pension is not considered income for that purpose. It is a standard distribution from a pension, nothing fancy. I get she has to pay taxes on the $14k but why is it in the social security tax calculation?
‎February 14, 2024
3:08 PM