I recently retired and my retirement income is from TRS (teachers retirement system) of Georgia. So far, there is no withholding from it, and I understand that it is mostly taxable. How do I figure out how much to have them withhold?
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You can calculate how much you should have withheld by using the TurboTax W-4 Calculator 2024. The W-4 form is used to provide information to your employer so that they can determine how much to withhold from your paychecks.
Refer to the TurboTax Blog Understanding Your Withholding Allowance on Your Form W-4 and What Is a W-4 Form? for more information.
Thank you for the quick reply! I’m pretty sure I already tried that, but I will go back and check.
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