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ldruth61
Returning Member

Pension is being counted as earned income for Social Security Taxes

ldruth61
Returning Member

Pension is being counted as earned income for Social Security Taxes

your 915 link refers to SS and Railroad Retirement benefits

 

  Social
Security
and
Equivalent
Railroad
Retirement
Benefits

Pension is being counted as earned income for Social Security Taxes


@ldruth61 wrote:

Read this 

Benefits Planner: Retirement | What Income is Included in your Social Security Record? | SSA


Your pension income is not being taxed.

Your question is how the Social Security benefits you receive and are reported to you on SAA-1099 are taxed.

As has been stated, the benefits 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

 

If you would read the IRS Publication 915 Social Security and Equivalent Railroad Retirement Benefits starting on page 6 How Much Is Taxable? and the examples provided, you will see how the benefits are taxed on a US Federal Tax Return Form 1040 - https://www.irs.gov/pub/irs-pdf/p915.pdf#page=6

 

ldruth61
Returning Member

Pension is being counted as earned income for Social Security Taxes

My pension is not from the Railroad. Where did I ever say that?

ldruth61
Returning Member

Pension is being counted as earned income for Social Security Taxes

Nowhere on your link does it say that pensions are earned income and therefore apply towards taxing your SS. 

Pension is being counted as earned income for Social Security Taxes


@ldruth61 wrote:

My pension is not from the Railroad. Where did I ever say that?


That is just the name of the IRS publication.  It covers both Social Security and Railroad Retirement Benefits.

Pension is being counted as earned income for Social Security Taxes


@ldruth61 wrote:

Nowhere on your link does it say that pensions are earned income and therefore apply towards taxing your SS. 


Sorry, apparently you do not understand the difference between pension income not being eligible for Social Security taxation and the Social Security benefits received being taxable.

 

It is obvious we cannot help you with this matter.

ldruth61
Returning Member

Pension is being counted as earned income for Social Security Taxes

Yes my pension is being taxed. That I know is true. What is not true is that it should not be included in earned income when calculating the taxes on SS.

I never asked this question as you stated.

Your question is how the Social Security benefits you receive and are reported to you on SAA-1099 are taxed.

 

My question has been the same from the beginning. WHY IS TURBO TAX INCLUDING MY PENSION AS EARNED INCOME WHEN CALULATING TAXES ON MY SS and how do you correct it!

ldruth61
Returning Member

Pension is being counted as earned income for Social Security Taxes

OH but I do understand the difference, it's you guys that are not getting it.

 

I completely understand my pension benefits are not eligible for SS taxation and that it does not apply to my SS benefits being taxed.

Very clear, so what is it you don't understand?

Pension is being counted as earned income for Social Security Taxes


@ldruth61 wrote:

 

My question has been the same from the beginning. WHY IS TURBO TAX INCLUDING MY PENSION AS EARNED INCOME WHEN CALULATING TAXES ON MY SS and how do you correct it!


Earned income is not the basis for determining the taxability of your benefit.  All your taxable income applies.  "All", not "earned".

 

We showed you the instructions and the worksheets.  Go find someone else to do your taxes. 

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