Depending on the pension & SS amounts paid out it is possible you have a tax bill so did you take into consideration any withholding on the pension payments? Will you have enough withheld? If not you can get that fixed.
Hi Critter,
Thanks for your reply. I already claim 0 dependents on my Pension, so unless I pay quarterly's or something, not much else I can do. I just started taking out SS. I don't think that's taxed except for the Medicare that is taken out. I just found it frustrating that I made about the same amount when working and always got a refund. Now, I'm to owe so much. Plus, I live in Spain. I haven't lived in USA for 6 years, so now I get doubled taxed on SS. UGH!
When you worked you had withholding from the job but now you have 2 sources of income and not enough being withheld ... so you can have some withholding from the SS benefits (there are 4 options for that on the W-4V) or increase the pension withholding by adding an amount to line 4C of the W-4 P ...
https://www.irs.gov/pub/irs-pdf/fw4p.pdf
https://www.ssa.gov/manage-benefits/request-withhold-taxes
SS benefits are up to 85% taxable depending on your other income and filing status.
Social security only becomes taxable when added to sufficient other income. If you are otherwise required to file a tax return, you do need to enter it in Turbotax (TT). TT will determine the taxable portion.
Social security (including SSDI) 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