https://ttlc.intuit.com/community/taxes/discussion/social-security/01/2417859#M919251 <P>Good morning. I’d like to know how I’d be taxed when I take my pension and Social Security</P> Wed, 26 Jan 2022 17:02:00 GMT Serena Tricarico 2022-01-26T17:02:00Z https://ttlc.intuit.com/community/taxes/discussion/social-security/01/2417859#M919251 <P>Good morning. I’d like to know how I’d be taxed when I take my pension and Social Security</P> Wed, 26 Jan 2022 17:02:00 GMT https://ttlc.intuit.com/community/taxes/discussion/social-security/01/2417859#M919251 Serena Tricarico 2022-01-26T17:02:00Z https://ttlc.intuit.com/community/taxes/discussion/re-social-security/01/2417897#M919252 <P><SPAN style="font-size:10.5pt"><SPAN style="font-family:Arial"><SPAN style="color:#2e2e2e">Most pensions are funded with pretax income and consequently the full amount of your pension would be taxable when you receive the funds. &nbsp; </SPAN></SPAN></SPAN></P> <P><SPAN style="font-size:10.5pt"><SPAN style="font-family:Arial"><SPAN style="color:#2e2e2e">&nbsp;</SPAN></SPAN></SPAN></P> <P><SPAN style="font-size:10.5pt"><SPAN style="font-family:Arial"><SPAN style="color:#2e2e2e">Assuming that you made no after-tax contributions to your plan, pensions from government and private organizations are taxable at your ordinary income rate.</SPAN>&nbsp;</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:10.5pt"><SPAN style="font-family:Arial">Social security is taxable for a portion depending on your total income.</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:10.5pt"><SPAN style="font-family:Arial">Please read this&nbsp;</SPAN></SPAN><A href="https://blog.turbotax.intuit.com/income-and-investments/how-social-security-income-is-taxed-7676/" target="_blank">TurboTax blog</A>&nbsp;for more information.</P> Wed, 26 Jan 2022 17:07:56 GMT https://ttlc.intuit.com/community/taxes/discussion/re-social-security/01/2417897#M919252 MinhT1 2022-01-26T17:07:56Z