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January 26, 2025
Question

I have a $70,000 annual pension plus $2000 annually from SS. So far on my ‘24 return I owe over $15,000. Can this be accurate?

  • January 26, 2025
  • 1 reply
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    1 reply

    DoninGA
    Employee
    January 26, 2025

    Go back and check your entries for the Form 1099-R.  Make sure that there are no commas entered for decimal point and the decimal point is correctly entered.

     

    Did you have federal taxes withheld from your pension, shown in box 4 of the Form 1099-R?