Retirement Income
pam
Member Posts: 1 Newcomer
I retired from both state and city government agencies and my contributions were deducted on a pre-tax basis. My employers also contributed to my retirement. They are deducting taxes on my monthly pension checks and I am a single filer.
When I file my taxes for 2025, will I be subject to increased withholding because my contributions were deducted pre-tax? If so, what will the additional percentage be? The annual payouts from both plans will be about $35K.
Thank you 😊
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Answers
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You would need to ask your pension administrator since each plan calculates withholding differently.
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