The information you provided makes the picture much clearer. Since 85% of your Social Security Benefits are taxable, are you withholding any federal tax on your monthly payments received? If not, that is where you may be coming up short, if at at all. Since the first $12950 of your $50,000 in wages alone, will not be taxable, the first $10275 above that will be taxed at 10% and the next $26,775 of your wages will be taxed at 12%. None of this includes 85% of your Social Security Benefits which could leave as much as $4725 taxable at 12% and the excess taxable at 22%. The question then is, are you withholding any Federal tax to offset 85% of your Social Security Benefits?
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