AnthonyC_CPA
Employee Tax Expert

Retirement tax questions

Hi NN23. 
That is a great question.  You can call social security at any time and ask them to start withholding taxes from your monthly payment.  If social security is your only source of income for the year you will not have a tax liability.  However if you have other sources of income you may be taxed on up to 85% of the social security benefits that you receive.  The attached link will provide you some information to help you determine if you will have a tax liability on the social security that you receive.  If you believe that the social security will be taxable you may consider starting to withhold income taxes from your monthly payment.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/social-security-inco...

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AnthonyC_CPA

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