The Motley Fool Discussion Boards
Retirement Discussions / Retired Fools
|Subject: Re: Service Pension & Social Security?||Date: 3/15/2000 4:40 PM|
|Author: jtmitch||Number: 2913 of 20132|
TMFPixy responded to a question with the following:
No, pension income is not taxed for Social Security (i.e., FICA) purposes. Only regular income taxes apply to the
money you receive from that pension.
I would just add that Medicare tax still applies (at least it does to my military pension). It is approximately 1/2%.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|