wife is working part-time and receives s.s. I receive S.S. and retirement income. we now have a tax bill we are paying in installments. We have never had a bill previously. What can I change on my w-4 to prevent having a tax bill.

[singletonw]

My

[SusanC6]

Hi @singletonw ,

Not having details of your return and withholdings,  I'm not sure what created the tax liability that you are paying.  The tax liability may be result of all your income, if adequate withholdings are not being made on the Social Security and Retirement Income.

The W-4 Calculator will assist you in determining if additional withholdings are necessary. https://turbotax.intuit.com/tax-tools/calculators/w4/

If you are not having withholdings on your retirement income, you may want to consider doing so by completing a W-4P.    https://turbotax.intuit.com/tax-tools/calculators/w4/  This form is similar to the W-4 Form.  If you are having withholdings, you may also use this form to change the amount of withholding.

You may also have voluntary withholdings taken from your Social Security by completing a W-4V and sending to the Social Security Administration.  The withholdings for Social Security are set %'s of 7,10,12 or 22.  You indicate on the form which  % you would like withheld.

With the details of your return and your current withholdings, a tax professional would be able to assist you in suggesting the appropriate changes to ensure there is adequate withholding throughout the year.

[conniem123]

Hi singletonw,

Hope you are having a great Wednesday!

I understand you owed taxes with you filed your 2022 tax return.  When you have other income, such as wages from a part time job and retirement income, your social security income may be taxed.  Up to 85% of your social security income can be taxed.

If you are not having federal tax withheld from your social security you may want to consider.  You can see how much of your social security income is taxable by looking at your 2022 tax return, Form 1040, line 6b.

Also, check the federal tax withholdings on your retirement income, Form 1099R.

You can use the tax calculator to estimate your 2023 income from all sources, and use the results to complete a Form W-4, https://turbotax.intuit.com/tax-tools/calculators/w4/.  Be sure to include your retirement income and social security income in step 4(a).

I hope this information is helpful!