turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Ask the Experts All About the Refund! >> Event happening NOW!!!!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

It's the first question asked. I now receive a pension from the company I worked for last year. Is the pension considered wages from the same company?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ThomasM
New Member

It's the first question asked. I now receive a pension from the company I worked for last year. Is the pension considered wages from the same company?

No, pension income (1099-R) and wages (W-2) are different animals.  Both get taxed as ordinary income, but as a W-2 employee you pay FICA (soc sec + medicare).

Your pension income will get entered in the Retirement Plans & Social Security section of TurboTax, not on the W-2 screens (Wages & Salaries).

Use this pathway to enter your 1099-R:  Federal Taxes > Wages & Income > Retirement Plans & Social Security, then follow the prompts. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies