Message Font: Serif | Sans-Serif
No. of Recommendations: 0

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%.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.