Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 6, 2019 12:31:31 AM

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?

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

0 1 1067
1 Best answer
Level 15
Jun 6, 2019 12:31:32 AM

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 Replies
Level 15
Jun 6, 2019 12:31:32 AM

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.