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I am assuming you are above 65 and Single - no dependents and are using standard deduction.
Your gross income includes
- annuity $8,776
- pension $3,120
social security is NOT taxable in your situation.Adjusted Gross Income (AGI) woudl be $11,896
Std. Deduction $7,850
Personal Exemptions $4,000
and your annual tax liability woudl be $5.
If you are below 65 - your standard deduction woudl be $6300
and our annual tax liability would be higher - $223.
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