Skip to main content
March 31, 2025
Question

I am a retiree on SSA and my IRA as income. I seem to get hit with an underpayment penalty but have 10% withheld from my IRA for taxes. Now can I avoid this penalty?

  • March 31, 2025
  • 1 reply
  • 0 views
No text available

1 reply

March 31, 2025

You need increase the amount of tax withheld from your IRA or have something withheld from your Social Security payments.  The question is, how much?  To determine this,  I suggest you use the IRS online withholding calculator.  Tax Withholding Estimator  

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"