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?
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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?

 
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Level 14

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 


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