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I retired in June 2017. W-2 income and get pension payments & social security. How will this impact my tax preparation ?

 
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SweetieJean
Level 15

I retired in June 2017. W-2 income and get pension payments & social security. How will this impact my tax preparation ?

You will receive a W-2, 1099-R and SS-1099 forms. The latter two are entered in the Retirement section of Wages and Income. (Enter the W-2 as normal.)  0-85% of your Social Security is taxable for Federal, depending upon your other (Joint) income.

States taxes may be different.

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SweetieJean
Level 15

I retired in June 2017. W-2 income and get pension payments & social security. How will this impact my tax preparation ?

You will receive a W-2, 1099-R and SS-1099 forms. The latter two are entered in the Retirement section of Wages and Income. (Enter the W-2 as normal.)  0-85% of your Social Security is taxable for Federal, depending upon your other (Joint) income.

States taxes may be different.

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