Question

How do I figure out what % to with hold on the W-4V for my Social Security benefits?

Forum|Forum|5 years ago
December 18, 2020
1 reply
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I am 66 and have received my first SS check. I am still working 30 hours a week an want to with hold my benefits so I won't owe a huge amount at tax time

N

NCPERSON1

without understanding your total income picture that is hard to determine in this forum

how much will you earn working 30 hours per week over the course of the year?

How much is your SS benefit (and that is BEFORE the deduction for Medicare) for the year?

What other income to you expect to earn? 401k distribution? IRA distribution?

Are you filing joint or single?

What was your 'full retirement date' for social security (the income earned prior to that date MAY HAVE a different impact than the income earned after that date).