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Level 1
June 8, 2022
Question

Fund SS

  • June 8, 2022
  • 1 reply
  • 4 views

I am going on 67 age. If I start withdrawals from my SS will I be tax on the money at end of year?

    1 reply

    Level 6
    June 8, 2022

    Hello @Syl67 !

     

    Whether you will be taxed on your SS will depend on other income you received by you. Please use our free excellent tool TaxCaster to give you a fair estimate of what tax you may be owing next year. 

     

    Here is the link: https://turbotax.intuit.com/tax-tools/calculators/taxcaster/ 

    1. Go to Tools and Resources
    2. Tax Calculators
    3. TaxCaster tax calculator

    As you put in your information, TaxCaster will produce an estimate of your taxes. 

    I hope you have this helpful and thank you for being a valued Turbo Tax customer!

     

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