turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

What percentage should I choose for my SSDI income tax withholding?

I've paid estimated taxes every year for my SSDI (and other income), but it's difficult to calculate correctly because my total income every year can be unpredictable. I heard I can fill out the voluntary withholding form, W4-V: https://www.ssa.gov/benefits/retirement/planner/taxwithold.html#:~:text=If%20you%20are%20already%20r....

 

Which percentage withholding should I choose -  7, 10, 12, or 22%? Please point me in the right direction on how to determine the best % withholding for me. 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

What percentage should I choose for my SSDI income tax withholding?

No one on this forum can tell you how much you need to withhold  ... look at your return.  What is your tax rate ?  How much are you short ?  Which % rate is closest to the amount you are needing ?   And you can also increase your withholdings on other income sources and/or pay in estimated payments.

What percentage should I choose for my SSDI income tax withholding?

It depends on how much other income you have.  It may not be taxable.  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

 

.Personally I just pay the quarterly estimates and don't have Social Security withholding.  

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question