My partner spouse earns a salary and pays withholding taxes, and also receives a Social Security retirement benefit. I receive Social Security retirement benefits and long-term disability insurance. How do I know what we'll owe in tax at the end of the year, and is there a way to withhold it during the year so we're prepared?
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Hi @MCMuir ,
Thank you for the question, there is a way to withhold taxes from your social security for federal withholding. The link below has the information needed for that.
https://www.ssa.gov/benefits/retirement/planner/taxwithold.html
To help you in determining what you may owe, you can use the TaxCaster calculator for year end tax planning.
https://turbotax.intuit.com/tax-tools/
All the best
Michele
Hi @MCMuir ,
Thank you for the question, there is a way to withhold taxes from your social security for federal withholding. The link below has the information needed for that.
https://www.ssa.gov/benefits/retirement/planner/taxwithold.html
To help you in determining what you may owe, you can use the TaxCaster calculator for year end tax planning.
https://turbotax.intuit.com/tax-tools/
All the best
Michele
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