https://ttlc.intuit.com/community/retirement/discussion/i-receive-an-annunity-check-i-trying-to-complete-the-w-4p-i-entered-the-total-ss-for-myself-and-my/01/3119810#M205810 Tue, 24 Feb 2026 08:15:48 GMT Yack 2026-02-24T08:15:48Z https://ttlc.intuit.com/community/retirement/discussion/i-receive-an-annunity-check-i-trying-to-complete-the-w-4p-i-entered-the-total-ss-for-myself-and-my/01/3119810#M205810 Tue, 24 Feb 2026 08:15:48 GMT https://ttlc.intuit.com/community/retirement/discussion/i-receive-an-annunity-check-i-trying-to-complete-the-w-4p-i-entered-the-total-ss-for-myself-and-my/01/3119810#M205810 Yack 2026-02-24T08:15:48Z https://ttlc.intuit.com/community/retirement/discussion/re-i-receive-an-annunity-check-i-trying-to-complete-the-w-4p-i-entered-the-total-ss-for-myself-and/01/3119853#M205814 <P>Don't see your response</P> Wed, 27 Dec 2023 18:08:46 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-receive-an-annunity-check-i-trying-to-complete-the-w-4p-i-entered-the-total-ss-for-myself-and/01/3119853#M205814 Yack 2023-12-27T18:08:46Z https://ttlc.intuit.com/community/retirement/discussion/re-i-receive-an-annunity-check-i-trying-to-complete-the-w-4p-i-entered-the-total-ss-for-myself-and/01/3119870#M205816 <P>It might take some time before someone replies to your question. This is a message forum, not live chat.</P> <P>&nbsp;</P> Wed, 27 Dec 2023 18:40:21 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-receive-an-annunity-check-i-trying-to-complete-the-w-4p-i-entered-the-total-ss-for-myself-and/01/3119870#M205816 rjs 2023-12-27T18:40:21Z https://ttlc.intuit.com/community/retirement/discussion/re-i-receive-an-annunity-check-i-trying-to-complete-the-w-4p-i-entered-the-total-ss-for-myself/01/3120024#M205831 <P>If you entered the total amount of your social security received, you've overestimated your taxable income, and your withholding may be a little higher than necessary.<BR /><BR />At most, 85% of your social security benefits will be taxable income, so that line should never be more than 85% of your total combined benefit if you're working to keep your withholding as close to break-even as possible.&nbsp;<BR /><BR />To determine the amount of your social security benefit that is taxable, you can complete the worksheet found in <A href="https://www.irs.gov/publications/p915#en_US_2020_publink100097869" target="_blank">Publication 915</A>. &nbsp;However, it's okay to skip doing complex worksheets and just use an estimated figure in this case.<BR /><BR />If your income is similar this year to last year, you could also look at your tax return for last year, <STRONG>line 6b,</STRONG> to see the amount that was taxed and use that number.<BR /><BR />If you don't mind a little extra withholding for a larger refund when you file your taxes, then using your full social security income amount won't hurt you.<BR />&nbsp;</P> Wed, 27 Dec 2023 23:28:49 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-receive-an-annunity-check-i-trying-to-complete-the-w-4p-i-entered-the-total-ss-for-myself/01/3120024#M205831 SusanY1 2023-12-27T23:28:49Z