Is pension income included in when calculating the amount of SS that is taxed? On Turbo Tax it is.

posted

Yes. Pension income is part of the income that is included when calculating the amount of SS that is taxed. This is because your AGI is used as part of the calculation and your pension is part of your AGI.

Your combined income is calculated by adding your

AGI plus
Nontaxable Interest plus
1/2 of your social security Benefits

Social Security Benefits Taxes

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

My 1099-B includes 'Gain or Loss' but there isn't a place to enter it. TurboTax is calculating a higher gain than on 1099-B. Do you know how to fix this?

in Get your taxes done using TurboTax

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Is pension income included in when calculating the amount of SS that is taxed? On Turbo Tax it is.

Is pension income included in when calculating the amount of SS that is taxed? On Turbo Tax it is.

Get more help

Do you have a TurboTax Online account?

Is pension income included in when calculating the amount of SS that is taxed? On Turbo Tax it is.

Do you have an Intuit account?

Is pension income included in when calculating the amount of SS that is taxed? On Turbo Tax it is.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert