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February 21, 2023
Question

January 2022, I received my first pension benefit.....and it is set up where state and fed tax are deducted , first...however.........

  • February 21, 2023
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Employee
February 21, 2023

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

 

 

Although you are having tax withheld from your retirement income, your tax due or refund is based on the total amount of your income and the amount withheld from all sources of income.

**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.**