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No. Pension income is not subject to Social Security or Medicare tax withholdings.
No. Pension income is not subject to Social Security or Medicare tax withholdings.
But do you also get Social Security checks? It might be taxable.
Up to 85% of Social Security becomes taxable when all your other income plus 1/2 your social security, reaches:
Married Filing Jointly: $32,000
Single or head of household: $25,000
Married Filing Separately: 0
is the amount going up from 25,000 to 35,000 in 2020? my total amount of retirement income from pension and social security will be just under 35,000. if not I need to select some withholding on both my checks.
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