https://ttlc.intuit.com/community/taxes/discussion/how-will-taking-social-security-in-july-this-year-effect-my-taxes/01/2792233#M1029292 <P>How will taking Social Security in July this year effect my taxes?</P> Tue, 10 Mar 2026 06:53:25 GMT TWTtax 2026-03-10T06:53:25Z https://ttlc.intuit.com/community/taxes/discussion/how-will-taking-social-security-in-july-this-year-effect-my-taxes/01/2792233#M1029292 <P>How will taking Social Security in July this year effect my taxes?</P> Tue, 10 Mar 2026 06:53:25 GMT https://ttlc.intuit.com/community/taxes/discussion/how-will-taking-social-security-in-july-this-year-effect-my-taxes/01/2792233#M1029292 TWTtax 2026-03-10T06:53:25Z https://ttlc.intuit.com/community/taxes/discussion/re-how-will-taking-social-security-in-july-this-year-effect-my-taxes/01/2792839#M1029293 <P>Hi,&nbsp;</P> <P>This answer assumes you are of retirement age.&nbsp; If you are, the amount of your social security benefits are not reduced, regardless of your income.&nbsp; However, the portion of those benefits that are taxable is impacted by your income.&nbsp; <A href="https://www.aarp.org/retirement/social-security/questions-answers/how-is-ss-taxed.html" target="_self">This article</A> does a good job of explaining that.</P> <P>After considering the taxability of your social security, you may want to consider<A href="https://www.ssa.gov/benefits/retirement/planner/taxwithold.html" target="_self"> having income taxes withheld.</A> Here is information about how to do that.</P> <P>Please cheer below if this was helpful!</P> <P>Best,</P> <P>Karen</P> Wed, 16 Nov 2022 21:48:41 GMT https://ttlc.intuit.com/community/taxes/discussion/re-how-will-taking-social-security-in-july-this-year-effect-my-taxes/01/2792839#M1029293 KarenL4 2022-11-16T21:48:41Z