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dozer2000
New Member

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

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MichaelL1
Level 15

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?

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.

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1 Reply
MichaelL1
Level 15

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?

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.

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