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Retirement tax questions
Because your Social Security benefit is likely taxable, you will have to make sure that you have enough tax withheld from your total income. If you owe more than $1000 when you file your tax return, you will probably be assessed a penalty, even if you pay in full when you file your tax return. You could have money withheld from the Social Security, or you could change your withholding at your job or your pension to have more taken out from those places to make up for the taxes that you will owe on the Social Security.
‎August 19, 2021
6:28 AM