Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
R
raycray1
February 25, 2025
Question

my income last year was disability social security and pension , i paid taxes on pension is the pension taxes paid deductible?

  • February 25, 2025
  • 1 reply
  • 0 views
I can no longer work amputations ,did i need to pay federal taxes on my pension payments?

    1 reply

    M
    MinhT1
    February 25, 2025

    Yes, your pension is taxable, and taxes paid on your pension are taxes withheld.

     

    Tax withheld is just an estimated advance payment of your taxes. The final tax amount can only be determined when you fill out your tax return. The taxes withheld serve as a credit against your tax liability. If too much tax was withheld, you'll receive a refund; otherwise, there'll be a tax due.

     

    You have to enter the form 1099-R that you receive for your pension on your tax return.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification