Congrats on social security planning that you are taking your own benefits at age 70.
Social Security taxability can be up to 85% depending on your other income.
Recommend TurboTax Tax Calculator: https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
There are many ways to send in tax payments for tax year 2023.
You can use W-4V to withhold tax from social security payment.
https://www.irs.gov/forms-pubs/about-form-w-4-v
Or send in estimated tax payments.
https://www.irs.gov/forms-pubs/about-form-1040-es by mail in vouchers or use IRS Direct Pay.
https://www.irs.gov/payments/direct-pay
How to limit your tax liability overall -
If you are still working - maximize all employer provided pre-tax benefits, such as 401K, Health Saving account; Delay pretax retirement withdrawals and any other to reduce your other income.
Hope the above helps. Thank you much for posting questions.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
