Tax Law (Questions About Taxes)/Form w-4p

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Question
I am 66 and recently retired.  I will soon receive a pension from municipal employee's retirement system of Louisiana.  I will also receive some money from social security.  In the form w-4p, when asking if I receive only one pension, do I answer yes, or do I count social security as a second pension.  Thanks

Answer
One pension

Social security is not a pension

Suggest you take out both federal and state tax from your pension

It will be infinitely easier to get a refund of overpaid tax than to come up with a tax payment next year.

Good luck. And geaux saints!

Tax Law (Questions About Taxes)

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Tax and general business including hospitality related (hotel mgmt degree and experience in industry prior to obtaining ms tax and cpa).

Experience

19 years cpa. ms tax. NOTE: My discussions are only a general information and do not constitute tax advise without entering into a specific agreement and executing an engagement letter; This free chat is nothing more than general information and should not be construed as tax advice nor does my response or replies imply an agreement to provide client specific advice or other guidance for purposes of avoiding IRS tax or penalties and should not be relied upon without your own validation and confirmation of the how the discussion may fit your facts... Not having all the facts and/or not having a direct client relationship prevents me from providing the most accurate replies as possible and I highly suggest using a local CPA to provide you with written advice and guidance. Taking matters into your own hands is much akin to trying to land an airplane without a license. It is easy to FLY a plane, but LANDING is when critical experience is key. In short, caveat emptor; do your homework and don't just rely on free chat board advice anywhere, anytime.

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AICPA, CSCPA (Ct society), National Tax,

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a bunch.

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MS tax and other post graduate coursework

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variety including Summa Cum Laude

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