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June 7, 2019
Question

Is an additional pension benefit subject to self employment taxes?

  • June 7, 2019
  • 1 reply
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Employee
June 7, 2019

You are receiving a pension benefit?  No, it is not subject to self-employment tax for Social Security and Medicare.  But your pension income is subject to ordinary income tax.  Enter your 1099R on your tax return:

Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.


**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**