The key word is "withholding." You want to have enough taxes withheld from the SS benefit, pension, or both, to cover most of your tax bill. The alternative is to make quarterly estimated payments. This is ok, but if you miss one, you can be assessed an under-payment penalty even if you pay in full when you file your return. If you have too much withheld, it comes back as a tax refund, of course.
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