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posted Mar 27, 2024 12:25:16 PM

I WAS BACK PAYED FOR SOCIAL SEC. FOR 2021 N 2022 IN 2023 AND THEY DIDNT TAKE OUT ENOUGH TAXES WHY AM I BEING PENALIZED? BECAUSE I DIDNT MEET A LOW ENOUGH PERCENT

IAM GOING TO PAY THE TAXES BUT WHY SHOULD I BE PENALIZED WHEN SOC SECURITY DIDNT TAKE THE TAXES OUT?

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1 Replies
Expert Alumni
Mar 28, 2024 4:45:18 PM

The IRS considers it your responsibility to insure that the proper amount of income tax is paid in through withholding or estimated tax on a timely basis each year. I assume this is the case as there is no way for the party responsible for withholding taxes to know enough about your individual tax situation to determine the proper amount of tax to withhold.