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Level 2
June 6, 2019
Solved

Hi, I need to have additional taxes withheld next year. I have income from retirement and social security. Does it matter which source I increase the deduction?

  • June 6, 2019
  • 1 reply
  • 21 views

I currently have taxes taken from my retirement.  I have not elected to have taxes withheld from my social security.  This is for next years' taxes

Best answer by MichaelL1

No you can do any source for the funds to be withheld for Federal and/or State taxes.

I like to do it out of one account just to make it easier and then I can increase it or lower if if needed.

1 reply

MichaelL1
MichaelL1Answer
Level 15
June 6, 2019

No you can do any source for the funds to be withheld for Federal and/or State taxes.

I like to do it out of one account just to make it easier and then I can increase it or lower if if needed.