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New Member
posted Jun 7, 2019 5:43:33 PM

What percentage of tax should I have withheld from each rollover IRA distribution check after age 66 and from each social security check as well?

0 5 437
5 Replies
Level 15
Jun 7, 2019 5:43:34 PM
New Member
Jun 7, 2019 5:43:36 PM

This answer implies that tax withholding on IRA Distributions after age 66 and tax withheld on Social Security Income are taxed the same as a pay check when one is still working. I need more of an answer to my initial question. Do I need to restate that question or is it visible to whomever answers questions?

Level 15
Jun 7, 2019 5:43:37 PM

Yes they are taxed the same.  They are taxed as ordinary income.

But only Up to 85% of Social Security becomes taxable when all your other income plus 1/2 your social security, reaches:
Married Filing Jointly: $32,000
Single or head of household: $25,000
Married Filing Separately: 0

New Member
Jun 7, 2019 5:43:39 PM

Thanks for your input VolvoGirl, I did see that information on the FAQ's. I am still looking for something more specific. I need to know what to have held out from each check both IRA and Social Secuity. "Up to 85%" is not specific enough for what I am asking. Is there a tax withholding chart of sorts?

Level 15
Jun 7, 2019 5:43:39 PM

It's complicated, because the tax on Soc Sec benefits depends upon your total other (Joint) income. For example, see this:
<a rel="nofollow" target="_blank" href="https://taxmap.irs.gov/taxmap/pubs/p915-005.htm#en_us_publink1000263043">https://taxmap.irs.gov/taxmap/pubs/p915-005.htm#en_us_publink1000263043</a>