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Supplemental Pension - Soc.Sec. & Medicare Taxation ???

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L

lenkrauss

Guest
What is the name of your state? Florida

I'm retired, and receive a qualified pension reported on form 1099-R from former employer X.

I also receive from former employer X what I call a supplemental pension, a once-a-year payment that I started to receive upon retirement, which was agreed to at the time I was hired. The purpose of the payments was to make up the difference in a normal retirement pension that I would have received, had I stayed with and retired from my previous employer. The payment is reported on form W-2, with deductions for federal income taxes, Social Security and Medicare.

Is there some argument that can be made to re-characterize these payments so that they are not subject to Social Security and Medicare deductions?

Would appreciate all ideas and I thank you.

Len
 



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