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Taxes on Social Security
I will be at full retirement age Nov. 6th and will be signing up a few months before. I will continue to work for a few years. My salary gross is $65,996 and I can't remember exact amount of SS I will get but it's around $2400/mo. or $28,800/year which means my gross salary will be $94,796/year which keeps me still in the 22% tax bracket.
Will the Social Security be taxed at 22%? I keep seeing it could be about 50% and I understand you can request the SS to take out the taxes or is it best to not do this?
Does the IRS use your gross salary or after deductions like 401k contributions and taxes withdrawn, etc.?
‎July 26, 2023
9:24 AM