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Level 2
July 27, 2022
Question

Retired in Georgia

  • July 27, 2022
  • 3 replies
  • 15 views

I’m single, retired last year and receiving a pension.  How many allowances should I claim?

    3 replies

    Level 4
    July 27, 2022

    Hello KD63, 

    You may claim zero allowance to have them take out enough tax from you.

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    KD63Author
    Level 2
    July 27, 2022

    Claiming 0, what is the percentage of federal taxes taken out?

    Level 5
    July 27, 2022

    The amount or rate graduates with the income amount.  You can use the tax table below to determine how much:

    Tax rate

    Single filers

    10%

    $0 – $10,275

    12%

    $10,276 – $41,775

    22%

    $41,776 – $89,075

    24%

    $89,076 – $170,050

    32%

    $170,051 – $215,950

    35%

    $215,951 – $539,900

    37%

    $539,901 or more

    https://www.debt.org/tax/brackets/

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