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Level 1
November 16, 2022
Question

Taxes

  • November 16, 2022
  • 1 reply
  • 6 views

I retired in February and I make approximately 28000 a year in Social Security and approximately 30000 in my pension a year. My wife is still emplaned makes 85000 a year. How much should I be holding back for taxes?

    1 reply

    DavidT0202
    Level 5
    November 16, 2022

    Hi @Lanigani  

     

    The IRS has a tool just for this:

     

    https://www.irs.gov/individuals/tax-withholding-estimator

     

    Please follow these guides and you should be able to determine how much you need to withhold.

     

    Thank you for choosing TurboTax!

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