Taxes on Social Security income

[Mark1233]

Should I have taxes taken out of social security income monthly?

[xmasbaby0]

Do you have any other income besides the SS?   If your ONLY income is Social Security you do not even need to file a tax return.   Please provide some details--without any of your personal information.

[SoCalGal22]

If your only income is Social Security, you won't owe any tax.  but if you also receive retirement income, sell stocks, rental income, etc. it is possible that up to 85% of your Social Security will be taxed and it is a good idea to withhold on your Social Security payments.

Here is further information and tips on Social Security:

https://turbotax.intuit.com/tax-tips/irs-tax-return/a-guide-to-social-security-tax/L5QxGNcJL

I hope that answers your questions. Please feel free to give TurboTax a call anytime if you have additional questions or need assistance.

 Have a great day!

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