Non taxable pension plans

[thepiffs]

My pensions are exactly the same as last year, yet my non-taxable amount went from $4,059 to $1,514.  I've checked both years 1099 information and answered questions and hey are the same. Has the law changed?

[LinaJ2020]

If you are referring to IRAs, you might want to revisit the contribution section to verify your nondeductible contributions if there are any.  Your non-taxable portion of the distribution is calculated based on your basis ( the nondeductible amount)

• After sign into your account, select Pick up where you left off
• At the right upper corner, in the search box, type in IRA contributions and Enter 
• Select Jump to IRA contributions 
• Follow prompts 

If you are referring to other pension plans, you can consider our new product / features TurboTaxLive to file your 2019 taxes.  Once you complete your taxes, before you file, you’ll be given the option for a final review of your return by one of our tax professionals.  After they completed reviewing your return, they’ll inform you of any proposed changes.

Here are the details:

https://ttlc.intuit.com/replies/6071042 

[Cally]

I have this same question.  Does not pertain to an IRA.  Have a standard old fashion pension.  Did the laws change?

[DianeC958]

The laws have not changed about pensions and the how they are taxed.

The taxable amount often is the same amount on the 1099-R that is in Box 1.

If you put into TurboTax the information from your 1099-R exactly as it appears on the 1099-R the program will tax the amount in Box 2.