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    Prescious92's Avatar
    Prescious92 Posts: 8, Reputation: 1
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    #1

    Jan 5, 2010, 06:54 PM
    How much state tax and federal tax must be taken out of my pension check
    Just widowed. I get a pension check for $1114.00 a month I believe you have to take as much as 20% for taxes, but how do I know how much Federal tax to take out and how much State tax to take out. Who gets what??
    Prescious92's Avatar
    Prescious92 Posts: 8, Reputation: 1
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    #2

    Jan 5, 2010, 06:58 PM
    Quote Originally Posted by Prescious92 View Post
    How much state tax and how much federal tax should I take out a month if I get $1114.00 monthly. ????
    I know I have to take out at least 20% out of it, I just don't know how much out should go to the state and to the federal
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #3

    Jan 5, 2010, 07:04 PM

    When my husband died I was furnished with a form with which to declare the number of dependents I had. His employer then did the math, same as a W-2.

    Is that your question? Where do you get the 20% figure?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #4

    Jan 5, 2010, 07:24 PM

    I've merged your threads. Please use the reply options for a follow-up. Do not start a new thread.

    None of us can really answer this without knowing more about your situation. You should consult a tax professional to advise you.
    Prescious92's Avatar
    Prescious92 Posts: 8, Reputation: 1
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    #5

    Jan 5, 2010, 07:25 PM
    Quote Originally Posted by JudyKayTee View Post
    When my husband died I was furnished with a form with which to declare the number of dependents I had. His employer then did the math, same as a W-2.

    Is that your question? Where do you get the 20% figure?
    Sorry about that. I didn't realize I had an answer. Didn't have my glasses on and I couldn't see clearly. Thanks
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #6

    Jan 5, 2010, 07:42 PM
    Quote Originally Posted by Prescious92 View Post
    Sorry about that. i didn't realize i had an answer. Didn't have my glasses on and I couldn't see clearly. Thanks

    No problem - did you get the forms from the pension company?

    Where did you get the 20% figure?

    I'm sorry for your loss - it's brutal to be widowed and then have to go through all of the jumps that widows have to go through. Again, I'm sorry for your loss.
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