Paying taxes on Social Security

[kaconley37]

Is it best to fill out a W-4 form and have social security withold some monies for taxes OR to make estimated payments quarterly on what you think the taxable amount maybe

[evelynm]

Adjusting your withholdings W-4 is the way to go as your social security is continuous.   Here is a link to tax caster to assist in generating your W-4:   https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

Keep in mind the tax tables will be updated for 2024 accordingly.   It is also a good idea to check your withholdings to date anytime.

Submit a request to pay taxes on your Social Security benefit throughout the year instead of paying a large bill at tax time.