Bozaya
Expert Alumni

Retirement tax questions

Hello @bonitacsmith2 ,

Social Security Administration does not automatically withhold taxes from your benefit payments. However, you can choose to have taxes withheld from your benefits by completing IRS Form W-4V and submitting it to the Social Security Administration to withhold taxes.

 

The amount of tax withheld depends on a number of factors, including your filing status, your total income, and the amount of Social Security benefits you receive.

 

Here is aditinal information: https://www.ssa.gov/benefits/retirement/planner/taxes.html 

 

I hope this helps.

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