Line 5b should contain the taxable amount of your pension. Correct?

Why is line 5b on form 1040 bigger than my pension? Isn't it supposed to be the taxable amount?

posted

Lines 5a and 5b show your Social Security --both the amount of the benefits and the taxable amount.

For pensions, etc look on lines 4a and 4b

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

I am 75 with an IRA, receiving 2025 RMD. Part of the RMD paid directly to my church. Am I correct in assuming I do not have to include this amount in my taxable income?

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Line 5b should contain the taxable amount of your pension. Correct?

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