Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
market
New Member

My wife and I are both retired living on social security. What percentage of taxes should we have taken out of our social security checks?

 
1 Reply
IreneS
Intuit Alumni

My wife and I are both retired living on social security. What percentage of taxes should we have taken out of our social security checks?

It depends on any other income you might receive during the year.

If Social Security is your only income, you will not owe taxes on it and you won't have to have taxes withheld.

Here is an interactive tax assistant tool from the IRS to help you fully answer the question. Click here: Are my Social Security Benefits Taxable 


**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
Privacy Settings
v