I turn 65 this month, have just retired, on SSA of $1309 and a pension of $1300. I’m withholding 12% with SSA, claim 0 on my W4 and file single. Can I withhold less/mo?

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I turn 65 this month, have just retired, on SSA of $1309 and a pension of $1300. I’m withholding 12% with SSA, claim 0 on my W4 and file single. Can I withhold less/mo?

Try these tools:

http://www.irs.gov/Individuals/IRS-Withholding-Calculator

https://turbotax.intuit.com/tax-tools

http://turbotax.intuit.com/tax-tools/calculators/taxcaster

I turn 65 this month, have just retired, on SSA of $1309 and a pension of $1300. I’m withholding 12% with SSA, claim 0 on my W4 and file single. Can I withhold less/mo?

Please keep all of your issues on one thread; Use the 'comment' function to add. As for your current issue: Factors determining tax on SS income are 1) Other taxable income, and 2) Filing status. Pending answers, figure 85% of your SS income will be taxed at your marginal tax rate ...

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