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Social security tax and lump sum payment of unemployment
So I filed for unemployment in October of 2020 but did not receive it until April of 2021. My husband draws a pension and Social Security. I feel that the social security is being taxed at a higher rate for the entire year. Is there a way that the social security can be estimated to be taxed quarterly? I have tried the Annualized estimated tax method but it doesn't make sense to me because it asks for the adjusted gross income which includes the higher percentage that is being taxed on the social security. Does that make sense?
‎February 21, 2022
11:19 AM