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KD63
Returning Member

Retired in Georgia

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

3 Replies
AR_CPA
Employee Tax Expert

Retired in Georgia

Hello KD63, 

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

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KD63
Returning Member

Retired in Georgia

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

kdevere
Employee Tax Expert

Retired in Georgia

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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