topic 22% or 12%? Have Foreign income and social security/US pension income. TurboTax calculates $14,000 taxable income and subject to 22% tax rate and not 12%. Why? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/22-or-12-have-foreign-income-and-social-security-us-pension-income-turbotax-calculates-14-000/01/387388#M34661 <P>I am 67 married filing jointly living in UK both of us working and receiving SS. I am receiving annual payments from my pension. I don't understand how my tax was computed. The tax table say 12% but TurboTax calculated 22%. What am I missing?</P> Tue, 04 Jun 2019 19:11:13 GMT awilsonqu 2019-06-04T19:11:13Z 22% or 12%? Have Foreign income and social security/US pension income. TurboTax calculates $14,000 taxable income and subject to 22% tax rate and not 12%. Why? https://ttlc.intuit.com/community/retirement/discussion/22-or-12-have-foreign-income-and-social-security-us-pension-income-turbotax-calculates-14-000/01/387388#M34661 <P>I am 67 married filing jointly living in UK both of us working and receiving SS. I am receiving annual payments from my pension. I don't understand how my tax was computed. The tax table say 12% but TurboTax calculated 22%. What am I missing?</P> Tue, 04 Jun 2019 19:11:13 GMT https://ttlc.intuit.com/community/retirement/discussion/22-or-12-have-foreign-income-and-social-security-us-pension-income-turbotax-calculates-14-000/01/387388#M34661 awilsonqu 2019-06-04T19:11:13Z What are you missing ?   The fact that the non excluded i... https://ttlc.intuit.com/community/retirement/discussion/what-are-you-missing-the-fact-that-the-non-excluded-i/01/387395#M34664 <P>What are you missing ?&nbsp; &nbsp;The fact that the non excluded income is not taxed in a bubble ... the foreign income is used to compute the taxes as if it was not excluded.&nbsp;</P> Tue, 04 Jun 2019 19:11:14 GMT https://ttlc.intuit.com/community/retirement/discussion/what-are-you-missing-the-fact-that-the-non-excluded-i/01/387395#M34664 Critter 2019-06-04T19:11:14Z Good answer, where is this in the IRS documentation? https://ttlc.intuit.com/community/retirement/discussion/good-answer-where-is-this-in-the-irs-documentation/01/387402#M34667 Good answer, where is this in the IRS documentation? Tue, 04 Jun 2019 19:11:16 GMT https://ttlc.intuit.com/community/retirement/discussion/good-answer-where-is-this-in-the-irs-documentation/01/387402#M34667 awilsonqu 2019-06-04T19:11:16Z Form 2555 and the corresponding worksheet ... switch to t... https://ttlc.intuit.com/community/retirement/discussion/form-2555-and-the-corresponding-worksheet-switch-to-t/01/387411#M34670 Form 2555 and the corresponding worksheet ... switch to the FORMS mode&nbsp;&nbsp;to see that calculation. Tue, 04 Jun 2019 19:11:17 GMT https://ttlc.intuit.com/community/retirement/discussion/form-2555-and-the-corresponding-worksheet-switch-to-t/01/387411#M34670 Critter 2019-06-04T19:11:17Z