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acschafe
New Member

I am a firefighter with a pension so I do not pay into social security, do I need to fill out a form so I am not dinged for not paying any social security tax?

I live in Indiana.
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4 Replies

I am a firefighter with a pension so I do not pay into social security, do I need to fill out a form so I am not dinged for not paying any social security tax?

Retirement/pension income reported on a Form 1099-R is not eligible for Social Security and Medicare taxes.  

acschafe
New Member

I am a firefighter with a pension so I do not pay into social security, do I need to fill out a form so I am not dinged for not paying any social security tax?

Does this add into taxes that I Owe since I have $0 in the social security box on my W2? I am not required to pay social security tax since I am a government public sector employee and I have a pension. 

I am a firefighter with a pension so I do not pay into social security, do I need to fill out a form so I am not dinged for not paying any social security tax?


@acschafe wrote:

Does this add into taxes that I Owe since I have $0 in the social security box on my W2? I am not required to pay social security tax since I am a government public sector employee and I have a pension. 


If you have retirement/pension income that is not reported to you on a W-2.  Your pension plan administer will send you a Form 1099-R which has your income and is reported on a tax return.  Delete the W-2 you started.

 

To enter, edit or delete a form 1099-R -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

 

Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R

 

 

I am a firefighter with a pension so I do not pay into social security, do I need to fill out a form so I am not dinged for not paying any social security tax?

I think Don is missing the point. Certain public service jobs have pensions that substitute for Social security so you don’t have social security tax withheld on your W-2.

 

Just enter your W-2 normally.  You will get nagged once, but TurboTax will not add in the missing social security tax.    

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