How much in income tax should be coming out of my husband’s pension check? Is it taxed differently?

Posted by Dolores
Joanne M asked:


My husband retired in October of last year and we are really afraid they are not taking out the proper amount of income tax. We do not want to have to pay a large amount when we file our taxes. He is filing married with 0 exemptions. They are only taking out 2.7% in taxes and we are both fairly certain this is not correct. Is pension income taxed differently than regular income? Should we have them taking out a larger, fixed amount to be safe?

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This entry was posted on Thursday, April 29th, 2010 at 10:08 am and is filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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2 Responses to “How much in income tax should be coming out of my husband’s pension check? Is it taxed differently?”

  1. Willie J Says:
    May 2nd, 2010 at 1:54 pm

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    I have 15% withheld out of my pension. He may have some non taxable portion, look at the 1099-R and it should show a different amount in Box 1 and 2 if any is not taxable

  2. Hallo Says:
    May 5th, 2010 at 3:38 pm

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