Withholding tax and taxable income

[MCMuir]

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?

[Michele_H · Accepted solution]

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